RE: RS and de-listing (Reply to pacenet) Thanks for taking the effort to bring this up. Your points all make a lot of sense.
Though, given that PAL did bounce down to $1.15, I don't necessarily agree that discussing what may need to happen in the event of a prolonged dip below $1 is frivolous or inflammatory. Let me be clear, I am not saying that I believe PAL will be going below $1, prolonged or not.
Maybe, it would be better to consider a hypothetical company listed on Nasdaq, who's stock vacillates between $0.80 and $0.90 for 30 days. Unless this company was sure that it would rebound in quick time, wouldn't they need to start the ball rolling on a RS fairly soon thereafter? My understanding is that it would require a shareholder vote, which would also take time.
I understand if there is little interest in speculating on this hypothetical when PAL is approaching $1.60. It was certainly a real concern of mine when we were under $1.20. At that level, there was not much breathing room for NAP to consider any level of financing, even for small scale exploration, if needed or desired.
There may be one reason for consider a RS before reaching a warning mark. Some funds have a minimum price threshold to avoid the perception of speculating in penny stocks. That threshold maybe be $5 or $2, depending on the fund. It would be preferable to reach these levels naturally, and I hope that PAL will at least reach the $2 one soon.