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Re: bugger1 post# 8369

Tuesday, 07/06/2021 9:22:43 AM

Tuesday, July 06, 2021 9:22:43 AM

Post# of 13742
bug... no r/s planned. Here is an excerpt from the June 8 PR. You should study up on the recent PRs to get up to speed.

excerpt.....
Regarding the option to do a reverse split, I want to highlight that this filing gave authorization to our Board of Directors to do a reverse split in the future; it did not specify how or when we would do this. We have yet to decide if or when we would need to do this; however, again, including it in the filing now gave us yet another tool to utilize to move to a higher exchange in the future. It did not set an actual ratio that we would be held to, only a maximum allowable. We believe that having our company listed on other, more prominent exchanges, will ultimately lead to larger institutional interest and long-term shareholder value. It was imperative that we accomplish this now, while we plan for our future.

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