Blue Biofuels Inc (BIOF)

[brooklyn137]

If they want to get on the NAS they have to get the price to 3 or 4 dollars. They can't do that now with a 5 to 1 RS. And institutions can't buy if it's not listed. So, if you want on the NAS and want a 5 to 1 split (which is 70 million shares remaining including options outstanding,) then before raising any money you have a market cap of 280 million (70mm times 4 dollars a share or 210 if 3 dollars a share.) The current market cap is about 70 million using the fully potentially diluted (including options) number. 52 million otherwise.

They will not be selling a fixed number of shares, but a fixed amount of money with a variable number of shares. Negotiations will still have to be done, but the size of the reverse will not affect how much the shareholders are diluted.