Sulja Bros. Building Supplies, Ltd (SLJB)

[greenspirit]

First of all, I never inferred, stated or conjectured that I was stoked over a dividend. So the premise to your position begins faulty.

My point is a very simple one. The assumption Fish used was the company owned the float and needed to release shares into the public domain in order to become Nasdaq eligible. Given that assumption, why would the company not first; complete an audit, file SEC documents or issue a dividend?

Releasing shares into the public market first doesn't make sense if your goal is increasing the share price to meet Nasdaq requirements. They can always release shares at a much higher price with far less impact.