[Federal Register Volume 60, Number 23 (Friday, February 3, 1995)]
[Notices]
[Pages 6747-6748]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-2651]
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SECURITIES AND EXCHANGE COMMISSION
Issuer Delisting; Notice of Application to Withdraw From Listing
and Registration; (Health-Mor Inc., Common Stock, $1 Par Value) File
No. 1-6220
January 30, 1995.
Health-Mor Inc. (``Company'') has filed an application with the
Securities and Exchange Commission (``Commission''), pursuant to
Section 12(d) of the Securities Exchange Act of 1934 (``Act'') and Rule
12d2-2(d) promulgated thereunder, to withdraw the above specified
security (``Security'') from listing and registration on the American
Stock Exchange, Inc. (``Amex'').
The reasons alleged in the application for withdrawing the Security
from listing and registration include the following:
According to the Company, its Board of Directors (``Board'')
unanimously approved a resolution on October 19, 1994, to withdraw the
Security from listing on the Amex and, instead, list the Security on
the National Association of Securities Dealers Automated Quotation/
National Market System (``NASDAQ/NMS''). According to the Company, the
decision of the Board followed a lengthy study of the matter and was
based upon the belief that listing of the Security on NASDAQ/NMS will
be more beneficial to its stockholders than the present listing on the
Amex because:
(a) There will be advantage (potential for research coverage and
other financial services for example) of the support of Market Makers
(currently there are an average of 11 Market Makers on the average
NASDAQ company) versus the single specialist;
(b) The nature of the trading activity and pattern of the Amex
specialist, in essence being the buyer and seller of last resort, will
be eliminated;
(c) There is greater visibility of the NASDAQ exchange as compared
to the Amex through various media;
(d) The history of NASDAQ being a successful promoter of growth
companies more appropriately addresses the Company's current position;
(e) There is potentially more capital support for the Company
through NASDAQ as each Market Maker is [[Page 6748]] responsible to
purchase 5,000 shares; and
(f) The services offered through the NASDAQ, which have been
reviewed, are more likely to assist the Company in understanding the
market and communicating with its shareholders.
Any interested person may, on or before February 21, 1995, submit
by letter to the Secretary of the Securities and Exchange Commission,
450 Fifth Street, NW., Washington, DC 20549, facts bearing upon whether
the application has been made in accordance with the rules of the Amex
and what terms, if any, should be imposed by the Commission for the
protection of investors. The Commission, based on the information
submitted to it will issue an order granting the application after the
date mentioned above, unless the Commission determines to order a
hearing on the matter.
For the Commission, by the Division of Market Regulation,
pursuant to delegated authority.
Jonathan G. Katz,
Secretary.
[FR Doc. 95-2651 Filed 2-2-95; 8:45 am]
BILLING CODE 8010-01-M
