We're not really disagreeing. Instead, there are hurdles which will require recognition and then resolution. To wit:
Bringing the share price to a dollar might not seem formidable---until we realize that to bring it there calls for a near tripling from here. That won't be so simple unless truly impressive news were to be released.
And then there's the issue of shorts. There's typically a marked period of fragility immediately following a traded entity's move to a more estimable exchange. Traders will converge and bang hard on the company's near term future, taking advantage of market uncertainties common to companies focused on relaunching. Thus, BCLI might find itself the target of a short invasion determined to wreak havoc among longs, hoping to create momentum sufficient to create extremes more conducive to day trader activity.
My thinking is that BCLI shares should be well above the dollar minimum before relisting or risk finding the exchange inclusion facing disqualification.
I think you're correct in expecting shares to rise significantly from here. I added 50% more shares to my position earlier this week myself so I certainly believe in the company. I could see shares moving to between 70-80 cents for a virtual double. I think it would take something really concrete to force an aggressive move to greater upside, making a reverse unnecessary.
We all dislike reverses. I think it's fear more than anything else for a high percentage of reverses result in a death spiral. I personally think BCLI will survive a reverse handily because the company has demonstrated a genuine regard for human life--- its worth and dignity. Should there be a reverse, I'd hope for it to bring the share price to at least $1.75. If shares make it (near term) to the 75 cent range, I'd vote for a 1:3 reverse guaranteeing reasonable assurance of stability.
Based on moves the company has made lately, I expect there will be action such as we're discussing before Winter. I see no reason to put things off. The very point of vying for a higher level listing is to qualify for institutional investment. Typically this means shares must exceed $5. Obviously this spells a scarier reverse ratio, doesn't it?
Happy holiday to all!
PS: Just noticed your remark concerning 16% institutional ownership. Not knowing the nature of those institutions involved, there's not much to be said. However, it could be hedge funds or even Israeli government-backed agencies operating on a humanitarian basis. Ameritrade is showing 18% by the way. I can state safely that US mutual funds are not participating for they cannot. Charters routinely require a minimum of $5/share.
Jugs
