PCT Ltd (PCTL)

[skitahoe]

Probably about half a dozen that did it to stay on the Nasdaq, only a couple that did it to achieve Nasdaq. Some made it, but investors were still punished when the R/S was done. The problem often is dilution following a R/S that results in the original shareholders ending up in a minority position. Companies never say that's the intent, and perhaps it isn't at the instant the R/S is done, but it's easier to issue new shares at higher prices and it invariably happens.

I believe that Gary's saying that's not his intent is the right way for the company to go. If we just get the financial out, and hopefully the second quarter and beyond out on time, I really don't think it will be that long before we're looking at $1. I believe the AMEX is available at $1, I'd much rather see that than a R/S to achieve the Nasdaq.

Gary