Zen, you're definitely keeping the board updated with as much info as would seem humanely possible, especially considering how "invisible" Geoworks has been to the investing world since their descent to the pink sheets years ago. Great job!
In regards to what might happen next, some thoughts derived from all my years playing penny stocks. If Mr. Schwarz does indeed turn GWRX into a publicly traded hedge fund, where would he like this stock to trade? Most assuredly not on the pinks, I would assume. OTC BB? Not likely. One of the three major exchanges? If he wants to legitimize everything he's doing, the obvious answer is yes. However, one big problem......the current share price.
I believe we're talking anything north of $1 for starters to qualify for one of the big boys, and to eliminate any immediate worries of an initial drop to back below $1 once you begin trading on the new exchange, a much higher price is most preferable. In other words, you'd probably want somewhere between a $5 and $10 starting point.
Having said all that, the dreaded words "reverse split" come into the picture under this hypothetical situation of what happens next. And at the current SP, something like a 1 for 50 or 1 for 100 would be needed to get the SP into NYSE-Nasdaq-AMEX range for acceptance. Ouch!
I've owned many penny stocks that have reverse split their shares. Mostly fly-by-night outfits that could care less about the common shareholder, and mostly companies that weren't worth the paper their shares were printed on. But in some cases, the r/s was needed to boost transparency and shareholder confidence going forward as legit companies looked to honestly create the best situation possible for long term success. Either way, it was not what I was looking or hoping for when I was accumulating all my hundreds of thousands of shares pre split.
So, obvious questions. Does Mr. Schwarz want to go NYSE-Nasdaq-Amex with what is still GWRX? If so, how soon (could the current SP rocket up on it's own via possible future PRs)? If a r/s, how severe? Then again, other than the recent name change, maybe nothing happens which would make all this moot. Thoughts? Speculations?
