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Wednesday, October 01, 2014 8:06:47 PM
among the many requirements for a company to uplist to the NASDAQ or the NYSE is a pps of a minimum of $2 per share. SGLB has been making progress toward several of the other requrements - see: https://listingcenter.nasdaqomx.com/assets/initialguide.pdf
https://usequities.nyx.com/listings/list-with-nyse/nyse-mkt-listing-standards
but without the minimum pps they will not qualify. period. I believe that revenues and profits are critical to support the pps of any company. To get to a value of $2 tomorrow would require a reverse split of 18.5:1 That would be the kiss of death. How many investors would accept that? There would be an exit so fast that the pps would return to the single pennies before you could get out.
The contracts, revenues, profits, market penetration are all going to need to happen before an uplisting can realistically occur. It will take time. During that time, you can review the various other requirements in the documents linked above and see that in fact SGLB has been making progress in meeting those requirements and has time to fully comply with those requirements which have not been satisfied.
You need to make a personal decision if you are willing to wait or if you will get out now. You can always get back in later, after the requirements are achieved....certainly at a higher price, but without the need to be patient. It is up to you.
GLTA
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