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Re: der_deutschetrader post# 115817

Thursday, 07/09/2015 9:21:22 AM

Thursday, July 09, 2015 9:21:22 AM

Post# of 130503
You're partly right, they don't have $4 million they have $7 million as of the end of 5/28/15. From the conference call transcript:

On a post-split basis, the share structure meets the NASDAQ requirements. So, we expect that we will have a $4 share price post-split and as Bob mentioned, we have a comfortable margin to ensure that we achieve that. We meet now today the shareholders equity requirements as we have more than $7 million in shareholders’ equity including the Series G, and this is important as we move forward. We do have over a two-year operating history, we have six years. There will be post-split roughly 7 million shares in the public float. We have over 3,000 round lot holders, so we meet that requirement as well. And the value of our publically held shares is well above the $15 million threshold. So right now, today, absent the share price which will soon be corrected post reverse split, we will meet all of those standards required to the NASDAQ. And we can then really start the process moving the company into a marketing phase for the IPO. And this is one of the reasons why we’re doing a number of investor conferences over the next several weeks to really raise the level of interest with both the retail and institutional community as we move forward.

So please provide proof of your statement or quit posting incorrect information.