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Alias Born | 03/25/2014 |
Sunday, April 20, 2014 12:51:31 PM
The minimum bid is $2 or $3 just once anytime during the seasoning period, depending on which market cap GACR falls under. It doesn't have to stay above that price. Seasoning period will also vary depending on how long GAC has been in business and profitability
Don't argue if you don't know your facts, because it makes you lose credibility.
http://www.amex.com/equities/howToLst/Eq_HTL_ListStandards.html
Either way, GACR is currently under value due to shorting pressure. Once further improvements are realized in the firm of SEC filings, a short squeeze week force the price up. This will make for fun times for anyone in a short position... *ahem*
If a reverse split is needed, hopefully it will be for much less than the current 128x ratio needed.
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