PCT Ltd (PCTL)

[skitahoe]

Britt,

I believe there is a step in between that's owned by Nasdaq, that's the AMEX and I believe $1 a share can qualify. While I believe that once we've hit $1 it won't be that much longer to $4, if I'm right it wouldn't be a bad move to move to the AMEX.

Personally, I've never like the dollar based qualification, it makes no sense to me that a company with a multi-billion dollar market cap doesn't qualify because their share price is still below $4, while a company with a tiny fraction of their market cap may qualify because they have so few shares outstanding. I really believe some market cap should be required to qualify, and perhaps about a quarter of that maintained to remain, but not based on a dollar price for the stock which typically encourages reverse splits to achieve, or remain on the Nasdaq. In very few cases have I seen a reverse split work, though PSTI did one to stay on the Nasdaq awhile ago, and it may work out well.

When people put down a company for too many shares outstanding I suggest they have a look at Apple, of course they were below a billion shares before they did a 7 for 1 split.

Gary