QB status
Eligibility Requirements
* Meet minimum bid price test of $0.01
* Not be in bankruptcy
* Be listed on a Qualified Foreign Exchange or be a U.S.
Reporting Company (SEC, Regulation A or U.S. Bank)
If the reverse split happens at .017/share, x 60 = 1.02/share
With a marginal performance on the business plan, and over 24 million in debt from the note holders, the share price will melt to under .50/share, then to under a penny a share within a month, could make for a bankruptcy. - This is where investors will get wise, and BTCS share price will drop to triple zero's.
I am thinking about.02 to .03/share before the reverse split, to get the share price up to 1.20/share, through 1.80/share. Then settling at just under a dollar till serious revenues can come in from new sources of revenues.
If the share price is under .02/share, (which the market makers have to hold for 3 trading days before the reverse split) I suspect the reverse split will be cancelled.
Euripides90 Thursday, 01/05/17 05:42:22 PM
Re: pie777 post# 14682
Post # of 14722
none of these figures or calculations make sense from what I can see, starting with, how can the pre-split price get to .017? Especially when the company has maybe 2 mos. to meet QB standards or get downgraded and they don't want to do that, their debt holders insist.
Aren't you missing a zero? But on the other hand why would you assume the price drops back to .0017 range, when we seem to have a new floor/resistance based on Bitcoin prices, IMO this can drop to .0026 like it did today but not another 10 points, unless Bitcoin crashes which is unlikely, or unless there IS massive pre-R/S dumping.
"But on the other hand why would you assume the price drops back to .0017 range" - Reason: no new revenue coming in from cash flows. Also, there is a 70K per month loss, as stated on 10Q. It's only a matter of 2 to 3 weeks after the reverse split the share price will drop back to .0017/share range.
From .0017/share to Within a few months, the share price could be at .0006/share.
This is why the reverse split needs to be cancelled.
