Forum Archive Index - November 2001

["tennyson@caverock.net.nz" <tennyson@caverock.net.nz>]

Hi cullen,
>
> 
> My friend told me that he thought in America on the
> main exchange if a company falls under a certain low
> price they are struck off the exchange. Is this true,
> what is the price?
>
>
If 'striking off' means delisting I don't think so.

But I saw one US participant on a chat site claim that fund managers 
were not allowed to invest in a particular US share if the share 
price got below $US10.   I am, however, completely unable to verify 
if it is true, so am prepared to be corrected.
>
>
> What I was really wondering is does this happen in NZ
> on the NZSE 
>
>
Yes
>
>
>and if so at what price? 
>
>
0c
>
>
> If so we must have had some close calls (I am sure
> you could think of a few).
>
> 
Chase, Equitycorp etc.  SNOOPY



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