Companies that intend to list on the NASDAQ prepare for that via a multi step process and it rarely happens overnight. What we are seeing here is the first of many small steps towards a NASDAQ listing or offering. Typically a company needs to have a product, sales, customers and strong growth potential before a listing will be considered. Vu1 appears to be re pricing their stock from the realm of penny (anything under $4) to a price that could be considered for a NASDAQ listing hence they are taking the first little step in a much bigger journey. The higher share price relative to their current market cap isn’t just a move that will help Vu1 with their long term plan to list on the NASDAQ; it should also make an investment in Vu1 more attractive to some investors who generally (as a rule) don’t invest in penny stocks (yes, Vu1 is currently a penny stock).
The reverse split should not be seen as a magic bullet for increasing shareholder value, nor should it be seen as a shot in the head for existing shareholders, as I’ve said before this really should be a non event (at this time) unless retail investors panic and begin to dump their shares in which case it could become an opportunity for anyone who has been waiting for a lower entry price.
Best regards,
Robear
AI
Market Data 
Markets 
