"(...)We're trading at $0.28 so a reverse split at 1 for 10 would bring us to $2.80. Even a 1 for 20 would only bring us to $5.40. Not a good number to be on the nasdaq. Little margin for error. As $5.00 would be the minimum nasdaq requirement."
As I´ve said a while ago and would like to say it again and again if it´s necessary:
I for one hope that we will not see an rs!
`Cause:
A qualified higher sp for the long term isn´t guaranteed as a result of an rs, and it would be a confiscation of property, finally, if the sp couldn´t be stabilised on the corresponding level.
But as far as I can see, there´s no need for an rs at the horizon, recently!
....................I for one believe, that we will be strong enough without an rs, if we´re going to implement the "umbrella" consequently.
Be well,
Jump