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Re: sfraven1466 post# 53081

Friday, 02/18/2011 2:43:25 PM

Friday, February 18, 2011 2:43:25 PM

Post# of 105535

Thus, the three main steps to look for that indicate a company may be positioning itself for an uplisting are:

1. Undergoing a reverse split to meet the minimum share price criteria of the exchange ($4 for NASDAQ).
2. Restructuring the board of directors such that a majority of directors are independent.
3. Creating the required board committees (audit, compensation, and nominations committee).


AT TODAYS PPS, EVEN A 1:1,000 R/S WON'T GET THIS TO THE NASDAQ

AT TODAYS PPS, EVEN A 1:500 R/S WON'T GET THIS TO THE AMEX

Not to mention other criteria that needs to be met, and at this point, are not met.

This is looking worse by the minute!




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