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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
DATE OF REPORT: October 28, 1998
GRAND HAVANA ENTERPRISES, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware 0-24828 95-4428370
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) I.D. No.)
Incorporation)
1990 WESTWOOD BOULEVARD, LOS ANGELES, CALIFORNIA 90025
(Address of Principal Executive Offices) (Zip Code)
310/475-5600
(Registrant's Telephone Number, Including Area Code)
N/A
(Former name or former address, if changed from last report)
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ITEM 5. OTHER MATTERS
Effective the close of business on October 27, 1998, The Nasdaq Stock
Market, Inc. ("Nasdaq") delisted the Common Stock of Grand Havana Enterprises,
Inc. (the "Company") from trading on the Nasdaq SmallCap Market, for failure to
meet the minimum bid and market value of public float requirements, as set forth
in NASD Marketplace Rules 4310(c)(4) and 4310(c)(7). At the same time, Nasdaq
delisted the Company's Class "A" and Class "B" warrants from trading on the
Nasdaq SmallCap Market, for failure to meet the market maker requirement, as set
forth in NASD Marketplace Rule 4310(c)(1). The Company's Common Stock was listed
on the Nasdaq SmallCap Market under the symbol "PUFF" and its Class A and Class
B Warrants were listed on the Nasdaq SmallCap Market under the symbols "PUFFW"
and "PUFFZ", respectively.
Under applicable rules of the Securities and Exchange Commission, the
Company's securities are immediately eligible to trade on the OTC Bulletin
Board. Quotation thereon is subject to the decision of the Company's market
makers.
The Company will not proceed with the proposed reverse stock split of
its Common Stock, which had been contemplated in part to comply with the Nasdaq
minimum bid requirement. The Company had previously filed with the Securities
and Exchange Commission on April 24, 1998 a definitive Information Statement on
Form 14C, but has not taken any action to date with respect to implementing such
reverse stock split.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned duly authorized.
GRAND HAVANA ENTERPRISES, INC.
Dated: October 28, 1998 By /s/ Harry Shuster
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Harry Shuster,
Chief Executive Officer
