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Wednesday, June 17, 2020 11:01:03 AM
otherwise how is SP over $5?
Wishful thinking. It solves all problems!
The price doesn't just need to go above $5, though. Institutions that can technically buy at $5.01 won't want to do so due to the risk that the price drops below $5 and they have to liquidate, likely at a loss. Even higher single-digit prices wouldn't remove that fear, only lessen it.
To really get the big money involved, the share price likely has to be over $30, and preferably even higher. Getting there organically is impossible due to all the dilution that Calabria said is coming, leaving only a reverse split.
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