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Thursday, April 07, 2011 2:18:44 PM
To be clear, the fear mongers aere claiming that this proposal will not benefit the company and the company will not uplist because they did not come right out & say it. In reading the faqs there are MULTIPLE refernces to "a better exchange" and NASDAQ along with why NASDAQ vs. otcbb. I'm not sure what else needs to be said...
Upon completion of the proposed reverse stock split the company would likely be in compliance with every financial listing requirement for NASDAQ Capital Market contained under the Net Income Listing Standard Listing Rules 5505(a) and 5505(b).
Upon completion of the proposed reverse stock split the company would likely be in compliance with every financial listing requirement for NASDAQ Capital Market contained under the Net Income Listing Standard Listing Rules 5505(a) and 5505(b).
A move to the NASDAQ capital market would likely mean significant advantages to our shareholders to include.....
We believe that the combination of the above factors will ultimately lead to a higher stock price, increased sales, additional investors, further talent, and more daily cash volume in our stock. We believe these benefits should be incurred sooner than later.
The reverse stock split should help position VirTra to comply with a financial requirement for NASDAQ, which is a minimum stock price of $4 per share.
For those wishing to read it themselves, here is the link http://virtra.com/corporate/faq.php#top
Al
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