RE:RE:By and large the 50 cents was reffering to a market cap requirement for listing on the NASDAQ and had nothing to do with the rollback. All he was saying was that with the amount of shares we have out today we would need to hit 55 cents in order to qualify for a listin, as opposed to before the financing where we had the required MC at 70 ish cents. Price x shares out = MC. Off the top of my head I think it's $100M.
They must be aware that a part of the "price problem" is the overhang from of a potential rollback itself. For the most part, once you roll back, you take a huge hit to the share price. It's just the way that it is. Unless you have a good marketing campaign, a good sponsor or some noteworthy news to prop the price. So I wish they would just do it instead of talking about it. I could see a lot of smart money sitting on the sidelines and not touching the story thinking "I'll wait until they roll it back and get a better price".
daviking wrote: Tech, you said," Not sure about the reverse split part since he was also referring to shae price of 0.50 + so I don't quite know what he was talking about.."
I'm nost sure but my view is that with the minimum quantity, 10 for 1, that would get the SP to $5. zminimum zdp got Nasdaq has been bandied about in many different companies I've followed, but if $2 or $4 would be cover that requirement (if they have follow up "announcements " to solidify that price.
10/1 gives EDT 25-28M shares. I'm not sure why they would do a higher rate, like 15/1 or 20/1 as that is the highest number they gave in the prospectus, I believe.