R/SObviously NASDAQ is the goal here.. NHC is recent example to come to mind of turnaround success story who dangled a "R/S to get us to NASDAQ" cookie in front of the fat man on the treadmill.
Requirement is a $2 share price min, which is the rational here, a 10 for 1 means price needs to be greater than .20 for us to get there.. NASDAQ also requires other criteria on cf, size, profitability etc etc that should also prove to shareholders how serious they are and how much appreciation is still yet to come.
Unobvious side benefits on the NASDAQ is that we will see increased coverage, better regulation and higher volumes with an increased love for these type of value/growth prospects from the Canadian market.
Anyone else who got in at the lows here will sit tight until acquisition. Anyone else just make sure they get in now before the move to the NASDAQ, especially while USD is high. We can expect a higher multiple than in our current forecast models as well on the NASDAQ. Dual listed companies also receive much higher multiples for various perceptive factors as well as one basic regulatory factor relating to arbitrage across exchanges..
HOWEVER, keep in mind with an example like NHC, they never had to use their R/S.
They grew from 1-2 in the blink of an eye and by the time they listed they were $4. Eventually rocketed to $11 on that exchange back to a consolidation of $7+ where they sit right now.
We have a very similar situation here.. except our ACB's are much lower, for all of us, not just the ones who got in at .07.
When the revised SDI comes out higher than $125, when the contract closes and we get Canadian analyst coverage, when the second contract (Brazil?) is announced and the company trends towards proitability and growth, when NASDAQ wishes are communicated and when Vertex converts the royalty when they get the number of warrants they want at the discretion of the TSX then trust me, I think price will fly and this R/S will be a moot point, never to be talked about again.