AC - - - - - - -
My thoughts on this matter.....GTEC appears to be an all around solid company. Additionally, they seem to go about business + investor relations in a very professional manner.
Problem is, they need to somehow drum up interest in this company.....make it stand out from the rest of the many investment opportunities existing in the market today.
No way can the PPS remain at .28 -- .30 cents before the reverse split occurs. They must find a way to boost it up to at least a buck. This would give us a price of at least $7.00 a share....post split. This would be absolutely requiste to meet the the requirements of any senior exchange.....in other words, depending on which exchange we applied to, we would have to maintain a closing BID price of anywhere's between $3.00 (AMEX) and $5.00 (NASDAQ) per share for 30 consecutive trading days (not 30 consecutive days). Seven dollars a share gives us a little breathing room in case of any unforseen events or negative circumstances, so as to facilitate our acceptance onto the senior exchange without any delays/questions/problems.
You don't want to R/S this stock at even .50 cents a share. This would give you a post split PPS of $3.50 which cuts it too close. One bad day in the market, and you dip below the $3 or $5 minimum......then you have to start all over and fight against the tide.
So in closing, management has to come up with a way to create a permanent spike in share price before they even consider any moves off of the OTC:BB.
