Warsaw Stock Exchange seems powerless to weed out low value stocks

The Warsaw Stock Exchange (WSE) is facing an increase in the number of stocks falling below the value of zl. 1, but since the WSE is having p roblems attracting new companies it has no plans to impose restrictions on these ' penny-stocks.' Some bourses do have value restrictions, for example Nasdaq regulations allow stocks to be delisted when their value falls under $1 for at least three months. Meanwhile, there are as many as 30 stocks listed under zl.1 on the WSE, with just a handful of them having any chance of coming out of their deep financial woes. One of those considered to have relatively good chances is the Ocean trading company, as it has an issue of 48 million new shares directed at a new, but unnamed investor, later this month. (Puls Biznesu, p. 33) T.J.