trunkmonk -- I would hope to remain
on the OTC.BB for the short term. Having seen my shares decline in number by the 1 for 15 Reverse Split I would strongly argue against going through yet another Reverse Split.
In order to get listed on the NASDAQ we would need a minimum of a 1 for 15 Reverse Split and more likely a 1 for 20 Reverse Split.
trunkmonk, look at the results of someone who owned 100,000 shares of GTEL. When they went through the "1 for 15 Reverse Split" their 100,000 shares became 6,666 shares of GTE. Now look at what happens if a "1 for 15 Reverse Split" or a "1 for 20 Reverse Split" is necessary to achieve a NASDAQ listing:
"1 for 15 Reverse Split" = 6,666 divided by 15 = 444 shares
"1 for 20 Reverse Split" = 6,666 divided by 20 = 333 shares
trunkmonk, no one, with a conscience, could approve of abusing anyone that way. No one could justify changing someone's share count from 100,000 shares to either 444 shares or 333 shares.
trunkmonk, another disaster associated with all Reverse Splits is that they always (99% of the time), lead to further dilution as, within a relatively short time after the Reverse Split, every company will come back and tell you that an increase in Authorized Shares is necessary to "GROW THE COMPANY" with the associated claims that the shares would also be used for "PARTNERSHIPS, EXPANSION AND ACQUISITIONS" (all of which is pure BULL as proved by what has happened to us through the disaster of the GTEL to GTE and the AMEX).
IF, as you claim (and there is nothing to support your claim), "big things are right around the corner!" then my vote would be to allow the share price to rise high enough and to become stable enough to entitle it to a listing on the NASDAQ without the brutality of another horrendous Reverse Split.
trunkmonk, I have no idea how long you have been invested in this company but 18-20 months ago when the 1 for 15 Reverse Split" and the move to the AMEX were the big topic on all of the different GTE boards we all heard the claims of "big things are right around the corner!" and all of the other similar variations being bandied about and there was no definitive information at that time to validate such claims just as there is nothing definitive to substantiate such claims now.
There is an old saying that lends itself to the current claim that "big things are right around the corner!" . . . it is
the proof is in the pudding
So far GTEL/GTE/GTEM has not been able to serve the appetizer . . . let alone the dessert.
