Exactly.. I'm pretty sure most institutions have a '5.00 dollar rule', whereby, they simply can't invest in anything cheaper, especially on behalf of their clients.. And in my opinion, even if the merger happens soon, as it should, and even if dilution is minimal, e.g. total of 250 mil shares or fewer, the jump in share price is still likely to end up under 1.00, especially considering all the dumping to secure profits, which will occur around .50/.60.. Knowing this, and knowing that one of their goals is to get to a big exchange, begs the question of R.S. - something I dread, because it's usually never good for people holding pre-split, price usually goes down at least 30% if not more..Regarding the previous post about them needing shares.. Well, they can issue up to a billion shares.. there would be nothing stopping them from doing a R.S. and then issuing more shares, which would then lead to further dilution in addition to price depreciation, thus further drop in pps..
All these worries aside, I'm hoping they stick true to the CC message of no RS and instead try to grow organically, by showing profitability.. I'd rather them take a year to get over 1.00 and another year to get to 2.00, than to see a RS.. jmho.
Finally, my somewhat 'out there' hope, is that once the merger happens, and the financials are released (100mil Rev, and hopefully proportional profits) that the share price simply sky rockets to over 1.00 or even 2.00 simply based on the numbers.. But this is a moot point until merger happens, financials are disclosed..
AI
