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Re: drproteus post# 10109

Sunday, 11/02/2008 9:25:27 PM

Sunday, November 02, 2008 9:25:27 PM

Post# of 38075
Oh I am not the expert here, we still do not have financials. But that is reasonable. They just got the ball rolling. They have been building the ball until now.

The 45M capitalization I speak of is in the range of other companies in some earlier stages, or later ones that are not going anywhere fast. I think they need to get above their business plan to make this happen. If they ever do get to a better exchange, like Nasdaq, then I think they will need a reverse split. I think 1 for a 100 is minimum. I like a maximum authorized at 150 million or less. But this is not necessary yet. The most important thing is controlled growth where they dont get in a pickle where they need to authorize and sell more shares for capital.

For the Nasdaq, I think you must have a $5/share price to get on the board. Then you have to maintain $1/share to stay there.

Ideally, maybe in 3 years, with growth and a R/S we just might get on the Nasdaq. That would be great. But it is not required for this to be a 10 or 100 banger from here. Right now they are saving a lot by not tying up a lot of funds on 'reporting costs'

Bottom line though is - who the heck knows!!!!!!