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South Florida small caps may be experiencing an epidemic of Nasdaq delistings.
Just three weeks after Nasdaq-Amex delisted Miami's Med/Waste for failing to meet net asset requirements, the market removed Plantation's Viragen for failing to maintain the minimum bid price of $1 a share.
The recent delistings of Intelligent Medical Imaging of Palm Beach Gardens and Miami Subs brings the number of South Florida's Nasdaq fatalities to four this year - and several others are trading at $1 to $2.
Nasdaq's tough new rules require that companies maintain net tangible assets of $2 million and a $1 stock price for a minimum of 30 days.
While the …