Saturday, January 12, 2019 3:09:39 AM
There will come a rs (date to be defined by finra)
After the rs we will have 138.754 outstanding shares seen actual os number is 1.248.789.109.
If actual price holds price after rs will be 12,6$
Requirement for Nasdaq listing is 1.250.000 outstanding shares and a share price of 4$
After rs preferred shares will be converted to arrive at 1,25mio. They have 2.400.000 preffered shares convertible to common stock at a ratio of ten.
This means 2 things: dilution and price will sink and preferred stock holders will cash.
To avoid that price will not sink under 4$ after dilution They will force price up to 40$ because dilution ratio will be 9 (1250000/138754).
So my simple theory says that the price will rise the next days to a range of 0,0045-0,0050 to hold the future 4$ level of Nasdaq
Wait and see
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