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Wednesday, March 18, 2009 9:26:53 AM
Assume Neom gets to .10, and we decide to do a 1/100 RS. All of a sudden one share is worth $10.00 and we are re-listed on NASDAQ. Now a boatload of institutionals can buy, whereas now they cannot.
We replace flippers and traders with institutional holders.
And we move much higher up on the radar screen of Nasdaq and the SEC; and with institutionals holding, it is far more likely that insider shennanigans will stop.
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