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exwannabe

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exwannabe

Re: WarMachine post# 52126

Wednesday, 10/09/2019 5:55:54 AM

Wednesday, October 09, 2019 5:55:54 AM

Post# of 60739
Even if it can hold $4 they are on the borderline for other rules (assuming NASDAQ is the goal).

Shareholder equity must be $5M. Last Q it was $5.3M, but at the present run rate they would be under $4M by now. [EDIT: The share issuance brought in cash, so it is well over now]

Market value of public registered securities might well be under $15M. The total market value is $30M or so, but they have talked endlessly of how most of that is not available to be sold, which excludes it.

Given that, and your valid point of possible price pressure post split, I would think they would not pull the trigger until things look a bit better. The proxy vote gives the BOD an unlimited time to execute.
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