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Friday, 11/18/2022 10:02:27 PM

Friday, November 18, 2022 10:02:27 PM

Post# of 704694
I really believe that all who're expressing the idea that a reverse split is needed are foolish not to simply give the company the time needed to be in compliance, I don't believe it will be that long. From what I gathered from a site someone posted there are ways that a company can qualify for the Nasdaq as low as $2, we might very well be that high or higher next week. Even if we must achieve the $4 mark, if the upcoming news is as positive as I believe it will be, we could be there by the end of the year, almost certainly in the first quarter of next year.

I know people say we can go from $1 to $10 with a 1 for 10 reverse split, it's true in a perfect world. The world isn't that perfect, reverse splits have negative connotations that would make us lucky to do a 1 for 10 from a $1 price and have the stock selling for over $8 when it was done, and it could be substantially below $8. That's the reality of reverse splits, stocks can regain their market cap in time, but you can bet on a substantial drop in the market cap when it's done. Just the opposite occurs with stock splits, they're desirable and the market cap often goes up substantially when they're done.

Gary
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