China Growth Stocks

[thedivot]

SIAF - they may want to uplist but with only 3% of the float (about 1.6M) not in insider's hands and the price being under $1, they may not qualify for the minimum hurdles for NASDAQ or AMEX. There are different options for uplisting but beyond just the minimum share price requirement ($2, $3 or $4), most require a minimum no. of shares in the public float and minimum no. of shareholders. If they do a reverse split to get the price up, they may not have enough shares to uplist. I don't know all the regulations but they may have to do some fancy financial/share structure changes to qualify and that may not be good for us.