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Re: modrica post# 5661

Thursday, 03/02/2017 2:16:33 PM

Thursday, March 02, 2017 2:16:33 PM

Post# of 61601
Once they are clear of the debt, an R/S makes sense. If they want to get to NYSE, they will need a price of at least $4. R/S would have to be healthy to get it that high, say 200:1. That's why I have so many shares now - I want plenty after the split is done, which eventually has to happen, but not before dilution is ended.
200:1 would take it from $.02 to $4. 250:1 would take it to $5. The higher it gets between now and that time, the smaller the split would have to be.
Once on NYSE, institutional investors will be more interested, most won't deal with stock under $5 or $10.