Hines Horticulture

**"* H* <g*@charter.net>**

This is from GMPRO ezine today.

More reasons cited to delist Hines
A Nasdaq letter dated July 13 warned Hines Horticulture that the company's 
failure to maintain the minimum $10 million stockholders' equity requirement 
"serves as an additional basis for the delisting of Hines' securities from 
The Nasdaq Global Market." Hines CEO Robert A. Ferguson and v.p. Stephen C. 
Avery left the company July 17. Ferguson received a $650,000 severance, 
while Avery received $103,500. James R. Tennant, former member of the 
company's audit committee, became CEO July 19. To be in compliance with 
Nasdaq rules, Hines must replace Tennant on the audit board. 

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