Wednesday, December 12, 2007 4:01:47 PM
Probably, if I remember correctly they are not lowering the authorized share count after the 1 to 100 split.
even better if these reverse splits enable the company to bring the stock to amex or nasdaq there will be more publicity for the stock and it will better handle the dilution.
I would have to look this up and don't want to but I'm pretty sure they will have to dilute to meet listing requirements for the NAS which requires a certain o/s to even to list which I think is at least 1.25 million. I might be wrong on the exact details here but I think the idea is right
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