They refiled the S-1. No time to read it, but it seems like they're finally serious about the IPO, They've committed to a listing on the NYSE American exchange, with a reverse split in the range of 1:20 - 1:30. So that's real info. That is right in the range where most of my spreadsheet-based conjecture from last year was focused, because that is the range where the numbers start to make some sense (if you weigh the interests of current insiders vs. the interests of those buying into the IPO). I didn't see any info on an IPO price, but, again, I don't have time to read it right now. If it's say, $10, and the reverse split is 1:25, and a market actually developed at that price, most legacy investors would see an immediate paper gain of between 60%-100%, by my prior calculations. Depends on your average price. From there you can choose to sell or let it ride.
I'm going to skim the rest sometime this week, and, if it seems serious enough, contact Schwab again. I want there to be no ambiguity that my shares are registered with the Company and will automatically convert on the day of the IPO.
