Birman Managed Care Begins Listing on Nasdaq SmallCap Market: Effects One For Three Reverse Stock Split.COOKEVILLE Cookeville, city (1990 pop. 21,744), seat of Putnam co., N central Tenn.; inc. 1854. It is a farm trade center that also produces transportation equipment, construction materials, clothing, and metal products. Tennessee Technological Univ. is there. , Tenn.--(BUSINESS WIRE)--July 6, 1999-- Birman Birman a longhaired breed of cat with blue eyes and a light body with darker points (ears, face, legs and tail) in colors similar to the Siamese. The paws are white ('gloves'). Called also Sacred Cat of Burma. The breed is affected by an inherited polyneuropathy. Managed Care Inc. (Nasdaq: BMANC), a physician-driven health care consulting and management company, announced that effective Tuesday Tuesday: see week. its common stock will be conditionally listed on the Nasdaq SmallCap Market. The company requested the listing because its common stock, which had been listed on the Nasdaq National Market since February February: see month. 1997, no longer meets certain maintenance requirements for the National Market listing. The condition imposed on the Nasdaq SmallCap Market listing requires the common stock to maintain a minimum bid price of $1 per share. To assure continued compliance with this requirement, the company effected a 1 for 3 reverse stock split as of today's date, July 6, 1999. While Birman Managed Care Inc. did not meet the minimum $1 per share price requirement on July 2, 1999, the company was granted a temporary exception from this standard, subject to the company's common stock maintaining a minimum bid price of $1 per share for at least 10 business days from no later than July 16, 1999. The company must also complete an application for listing on the Nasdaq SmallCap Market by July 16, 1999, which it intends to do. In the event the company is deemed to have met the terms of this exception, it will continue to be listed on the Nasdaq SmallCap Market. The company believes that it can meet these conditions. However, there is no assurance that it will do so. If at some future date the company's securities should cease to be listed on the Nasdaq SmallCap Market, they may continue to list on the OTC Bulletin Board OTC Bulletin Board An electronic quotation listing of the bid and asked prices of OTC stocks that do not meet the requirements to be listed on the NASDAQ stock-listing system. . For the duration of the exception, the company's Nasdaq symbol will be BMANC. Birman Managed Care is a health care consulting company Noun 1. consulting company - a firm of experts providing professional advice to an organization for a fee consulting firm business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a with a physician-focused core competency A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
The information contained herein includes "forward looking statements" as defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Statements such as "Birman expects", "management expects" or "the company expects" as well as statements by Dr. Birman addressing future operations are considered to be "forward looking" for purposes of the Act. Investors are cautioned that forward looking statements involve risks and uncertainties, including general economic conditions, delays and risks associated with the performance of contracts, consumer and regulatory acceptance and regulatory risks. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion