Had to laugh!
CTTC says one of the benefits of the 1 for 10 reverse split is re-gaining listing privileges. They note the exchange requires:
"...the regular bid price at the time of listing to be $3.00 per share. The Reverse Split should allow our Common Shares to reach the NYSE MKT’s minimum bid threshold."
Well, CTTC hasn't closed at, much less got a "regular" bid of, 30 CENTS the past couple of weeks. Indeed, the past few days, the "regular" bid has waffled down to around 20 CENTS or so.
Maybe they'll change it to a 15 for 1 split...then maybe a 20 for 1...etc....etc...etc...
