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Friday, August 22, 2014 12:14:27 AM
Staying where we are now and moving the share price to a $1.00 would make the market cap currently at about $780M.
Doing a 1:20 reverse split and moving to the NASDAQ a share price of $15 would equate to a market cap of $585M.
$780M is achievable on the OTC market but $585 isn't achievable on the NASDAQ?
LOL!!!
p.s. Assumes current number of shares outstanding would stay at the current number which won't happen but it's irrelevant because it would have a proportionate impact under either scenario.
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