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Friday, July 29, 2022 10:18:30 AM
You're right and that they would Have to do a reverse split to get the price high enough for NASDAQ listing... But either way you're talking over a year away.
The price isn't going anywhere until enough investors Become aware of the company at all and recognize the revenue and net profit.
I'm not aware of any plans of theirs to Increase the authorize shares. They are talking about canceling some common shares and converting them to preferred.... For the sake of market cap evaluation This will increase your price per share calculation.
It doesn't take too many OTC companies as comparison to see how undervalued S FIO is. A couple well followed examples are HMB* and ILU* . The 1st trading at over 30 times annual revenues, And the 2nd at around 10 times. Neither have as good financials as S FIO.
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