Wednesday, April 20, 2011 12:29:34 PM
I am in a total agreement with NB here. The management really screwed up big time and blew a lot of cash sending the PPS spiraling down without accomplishing a damn thing. They should have reiterated the uplisting intention from the get-go in the CC and stated that at a given time in the future. Do the accounting audit while continue to the build the business. Let the PPS rise and at a given point after the audit and the timing is right, do another CC and announce a solid intention to go Nasdaq. Propose to proceed quickly with a say 1/20 R/S and ask the shareholders to support the uplisting.
If they were to do this stepwise, we are there.
If they were to do this stepwise, we are there.
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