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Alias Born | 10/19/2008 |
Sunday, November 02, 2008 9:25:27 PM
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!!!!!!
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