RE:RE:The selloff continuesAman0808 wrote: That being said, for me personally, every share matters. I am not very happy if a share consolidation happens. I like the idea of NASDAQ and reaching more investors and gaining more publicity; however, would like to see some organic share growth as opposed to a 4 or 5 to one share consolidation.
Here's the thing with the share consolidation - it's already been announced, the shareholder vote next month is merely a formality, and so it WILL be happening. This means that it's already priced in when it comes to the SP. This is not a surprise to anyone at this point.
But the consequences of an uplist should be huge. Remember, being on the NASDAQ not only means we'll be eligible to receive institutional money from various funds and investment houses (that typically are forbidden from buying OTC stocks)...but just factor in that we'll be covered as a NASDAQ stock by the ratings agencies! They'll be rating us "buy, hold, or sell." And once we've proven the tech works, and we're selling a couple thousand barrels a day to refiners (who will be happy to confirm to any inquisitor that the oil they buy from us is good quality, low sulfur, diesel-friendly, heavy oil)...which of those 3 options do you think they'll rate us with? Esp. when they realize how much we can bring in by licensing or launching joint ventures with this patented, revolutionary technology!
In short, I think you under-estimate what a game changer it is for us to uplist to the NASDAQ. It puts us on par with the big boys, and signals that we've arrived. It means we can be taken seriously. It opens up the possibility of massive flows of institutional money into our stock. It means you'll see our share price on CNBC. It makes us much more visible for a potential buyout, possibly triggering a bidding war among various Big Oil companies.
The share restructuring (which, as I said, is priced in now anyway) is a small price to pay to achieve all this. So while I confess that I too was unhappy when I first read the PR about the reverse split, after thinking it over quite intently, it didn't take me more than about 24 hours to come around and agree fully with mgmt on this.
The priority must be to uplist to the NASDAQ as soon as possible, and whatever it takes to make that happen is what mgmt should do. I fully support them in this effort.
GLTAL.