Monday, September 08, 2014 9:19:55 PM
So a .50 cent/share pps would thus translate into a $250 mil market cap, so not too likely. But that said, the company at least appears to be heading in the right direction.
Once they raised the authorized shares to over 1 Bil, I began to assume that the eventual recapitalization of the company would involve a reverse split, which is not unusual for a penny stock whose share count has ballooned to the billion mark. On the other hand, they might conceivably find a partner or some other less dilutive way to raise funds.
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