Bio Path Holdings Inc (BPTH)

[SJSTOCKSHARK]

Simple, To buy the company a premium would have to be paid. With a 1-20 reverse split pending a 200% return from present PPS IMO seemed reasonable.

The market cap today is $3.68 million! What a JOKE! I guess staying on the NASDAQ was great move for the company.

After the 1-20 reverse split we will have less than a million share float (550,000). If the shorting continues we would not maintain a NASDAQ listing. Under the NASDAQ Equity standard for NASDAQ Capital Markets we need to maintain a $1 million market cap value of our stock and $2.5 million of shareholder equity. Otherwise, under the Market Value standard we would need 35 million to remain listed.

I just do not see the value of remaining on the NASDAQ since it will be difficult to adhere to their listing requirements.

If we obtain good trial results at some point in time we can always relist on the NASDAQ.


https://listingcenter.nasdaq.com/assets/continuedguide.pdf