Longwei Petroleum (fka LPIH)

[blueskydriving]

The way I read page seven for initial qualifications is that if qualify "only under the Market Value Standard" then you must have a $4 bid price for 90 consecutive days ... if you use another Standard such as "Income Standard" then the time limit (footnote 2) does not apply and your reverse split strategy would work out ... hopefully we can get much higher before any kind of reverse split ... I've seen that Red Chip is fond of the 1-for-2 Reverse Split strategy ...

"Seasoned companies (those companies already listed or quoted on another marketplace) qualifying only under the Market Value Standard must meet the market value of listed securities and the bid price requirements for 90 consecutive trading days prior to applying for listing."