let's 'clear up' delisting confusion

Jason, it seems you are rather confused regarding the possible Nasdaq delisting of LOOK, the Nasdaq small Caps board & Pink Sheets, that you refer to, in a post to me, partly shown below.

< Now even you have to admit that LOOK only has one quarter left to turn this thing around before the delisting deadline. The OTC pink sheets are NOT going to be a good thing for LOOK. Surely you know this...

Quik. >
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spetty772002 has kindly made it, 'oh so clear' in his reply to you. Perhaps a 'thank you' note is in order, from you to him, for clearing up this much understood, (by some) LOOK position??
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Re: Stock Options awarded .....
by: spetty772002 (28/M/TiVoVille, NY)
Long-Term Sentiment: Buy 07/08/05 08:26 pm
Msg: 142056 of 142060

Long way to go until they get to the pink sheets my friend. Read the passage below (link also provided) very carefully. They'll be on the Nasdaq SmallCap in the worst case scenario.

"LookSmart has 180 days to regain compliance with NASDAQ's National Market $1.00 minimum bid price rule. If at any time before October 12, 2005, the bid price of the Company's common stock closes at $1.00 per share or more for a minimum of 10 consecutive business days (or such longer period of time as NASDAQ may require), NASDAQ will notify the Company that it is in compliance with the Rules. If the Company does not regain compliance by October 12, 2005 and if it meets the NASDAQ SmallCap Market initial inclusion requirements except bid price, it may apply to move from the NASDAQ/NMS to the NASDAQ SmallCap. If the application is approved, pursuant to SmallCap rules the Company would be granted an additional 180-day period to regain compliance."

http://biz.yahoo.com/prnews/050421/sfth096.html?.v=3
Posted as a reply to: Msg 142007 by quiktrade_1
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:)
LC