Thursday, April 23, 2020 10:50:20 AM
Lucky
AMG
What I mean is at the current share price in the USD 0.30 cent range, an uplisting to say NASDAQ would require a stock price of $3 or more. That's my understanding of minimum requirements for a NASDAQ uplisting. Now I could be wrong, but the point is to get to $3 per share would require a reverse split of 1 for 10. What I'm saying is uplisting is premature. Let's simply get out of the friggin pennies and see what happens next. Personally, I don't think an uplisting will be necessary. If/when positive trial data comes through Algernon will be a Big Pharma buyout target - if not already.
According to management, the lines are ringing off the hook at corporate!
By all indications the incentive is to accumulate shares.
Just 1 opinion,
/////AMG
$AGNPF
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