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1
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SEC COMMISSION OPINION
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EXTRACTED KEY WORDS
SHAREHOLDER MEETING NASDAQ SECURITIES EXCHANGE ACT REVIEW EXCHANGE ACT COMMISSION ANNUAL SHAREHOLDER MEETING NATIONAL MARKET EXCEPTION STOCK DELISTING FAILURE APPEALS CONTINUED INCLUSION NASD TRANSNET CORPORATION NATIONAL ASSOCIATION REVIEW COUNCIL NASDAQ STAFF INFORMED NASDAQ COMMON STOCK SECURITIES DEALERS REVIEW PROCEEDING PROXY MATERIALS NEGOTIATIONS REGISTERED SECURITIES ASSOCIATION SATISFY REQUIREMENTS UNSUPPLEMENTED WRITTEN RECORD CORPORATE GOVERNANCE |
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
SECURITIES EXCHANGE ACT OF 1934
Rel. No. 41278 \ April 13, 1999
Admin. Proc. File No. 3-9637
___________________________________________________
:
In the Matter of the Application of :
:
TRANSNET CORPORATION :
c/o Roger A. Tolins, Esq. :
Tolins & Lowenfels :
12 East 49th Street :
New York, New York 10017 :
:
For Review of Action Taken by the :
:
NATIONAL ASSOCIATION OF SECURITIES DEALERS, INC. :
___________________________________________________:
OPINION OF THE COMMISSION
REGISTERED SECURITIES ASSOCIATION -- DELISTING OF SECURITY FROM
THE NASDAQ
NATIONAL MARKET
Failure to Satisfy Requirements for Continued Inclusion
Registered securities association delisted a security because the
issuer
repeatedly failed to hold required annual shareholder meetings,
and, when
granted a rule exception, failed to meet requirements of the
exception.
Held, review proceeding is dismissed.
APPEARANCES:
Roger A. Tolins, of Tolins & Lowenfels, P.C., for TransNet
Corporation.
Robert E. Aber, Sara Nelson Bloom, and David A. Spotts, for the
Nasdaq Stock Market, Inc.
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