NorthWest Biotherapeutics Inc (NWBO)

[jimmy667]

NWBO currently meets all the requirements of NYSE American exchange except the minimum share price of $2 or $3. It is a streamlined process and low fee of around $75k to join. A 1 for 4 split would give NWBO a lot of headroom in the available shares to offer in public or private offerings and would meet the minimum price for up listing. It could be done simultaneously overnight in a surprise move. The only draw back is that it would give short sellers more room in their margin accounts as $2.50 is per share margin requirement held for each share held short. However if there is a significant amount of shares held short one might deduce that these are in accounts valued at more than $25 million and therefore exempt from the $2.50 cash margin per share requirement for shares held short. This of course would only make sense to do simultaneously or shortly after a very good catalyst that would create a great demand for shares of the up listing company. Nasdaq up list would require $20 million shareholder equity in addition to minimum share price, not sure NWBO has that but they would qualify for NYSE American without that. Currently just need one more item to qualify that is the minimum share price. I hope that answers your question.
NWBO could get quite interesting over the next few months.