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Re: Mattnyc post# 26000

Tuesday, 08/17/2010 9:03:32 AM

Tuesday, August 17, 2010 9:03:32 AM

Post# of 59722
They have 12 months to raise the PPS on those shares before they can start selling/trading. They'll want it nice and stable at those high levels when they do.

BTW, uplisting off of Pink/OTC requires a stock to be above $1.00 for over 30 days. That's just one of the requirements, and I'm sure they don't want the figure to be anywhere near that danger zone in fear of being down listed & taken off NASDAQ.