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Wednesday, June 18, 2014 4:06:30 PM
In the May 8, 2014 press release we see “The Company is continuing to work with its advisors in a bid to become a fully reporting entity as soon as possible. Additionally, we expect the reverse share split share price will provide Tonogold THE OPPORTUNITY TO LIST ON SECONDARY EXCHANGES IN THE NEAR-TERM, AS WELL ATTRACT A BROADER INVESTOR BASE.” See the attached link: http://www.tonogold.com/s/NewsReleases.asp?ReportID=652171&_Type=News-Releases&_Title=Tonogold-To-Acquire-100-Of-Iron-Ore-Project-Mexico
Generally according to the link below, going to a secondary exchange will require that the TNGL share price go to $3.00, there be at least 4 million in shareholder’s equity and that there are at least 400 public shareholders. See this link: http://www.ehow.com/how_5130759_american-stock-exchange.html It looks to me like we already meet two out of those three requirements. The requirement that we currently do not quality for is price. That is about to dramatically change.
Once we meet these minimum requirements and are full reporting we will move onto a secondary exchange. Then Tonogold shares will be available to even more buyers and they can qualify to buy them with MARGIN!!! That means a lot more upward pressure on our share price.
Since March 2013 the TNGL price has already gone up about 1,000%. That rise was based on speculation. After the June 23, 2014 shareholders meeting the rise in share price will be based on fundamentals and it will be exponential. Fasten your seatbelts because IMHO this is about to take off a lot higher.
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