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Re: mdb1 post# 36630

Monday, 01/10/2022 1:47:48 PM

Monday, January 10, 2022 1:47:48 PM

Post# of 52051
mdb, I have floated that same idea. Not sure on the legalities though. If, and for those reading, this is hypothetical, IF they were to perform a 1:5 RS and close the day above $4, they could qualify for Nasdaq, but, again, not sure on the process, would they need to coincide the $4 close with the nasdaq submission form or does the 1 day close have a grace period that allows a time frame for them to close the paperwork for Nasdaq?

Once on Nasdaq, they could perform a 5 for 1 forward split to bring the stock back to its initial standing, and then they have a minimum of 1 year to get the stock above $2, but being on nasdaq, they will likely have no issue.

Again, not sure on the legalities, or if this is even feasible. They already stated they want the stock to get to qualifying SP "Organically" so I prefer that method. However, I am not against the concept I stated.

Wondering if they would need to disclose this to Nasdaq prior to performing.

Anyway folks, this is all my opinion...lets see what the next month or so hold.

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