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53chevy

08/06/06 7:54 PM

#31622 RE: chapco #31571

"For initial listing on the NASDAQ SmallCap Market, the preferred stock must have three market makers and meet the minimum $4.00 bid price requirement. for continued inclusion, the preferred stock must have tewo market makers and meet the minimum $1.00 bid price requirement.

{Marketplace Rules 4310(c)(01) - market makers, and 4310(c)(04) -bid}. See Listing Requirements and Fees (PDF)"

http://www.nasdaq.com/about/FAQsOther.stm#1

Hope this helps......