RE:RE:US LISTINGHmmm. That’s the 64 thousand dollar question... now that 157 million share count doesn’t include outstanding warrants I do believe.. its a bit higher... nonetheless, I think they’ll want to get the shareprice quite a bit higher than the $2 US threshold to give them some wiggle room. My guess is anywhere between 3.50-4 US. So I think we are going to see a consolidation somewhere in the range of 1 share for every 8 to 10 ... it really depends on the shareprice when the deal happens... hopefully higher since that will reduce the amount they have to consolidate... I’m sure they have been consulting with their largest shareholders to get their input... and also, we’ll have to vote on it.
I understand the need to get on the US board but I hope they couple this with some more positive news.. stock consolidations can be tricky if not handled right. Just take a look at ONC on TSX to see how they are doing after their transaction — not much fun going on there!
JL