Hi, The Bull. I'm not sure about the filing. I doubt that Vu1 has filed yet. But it is clear that they will have to do the reverse split before moving to the NASDAQ, and therefore I imagine they will have to do the reverse split before they even file. I do think they intend to try to do it all around the same time, one following the other as reasonably quickly as possible.
As I've mentioned in another post, I strongly suspect they will come out with some significant news just before they do the reverse split, probably a sales agreement with a retailer. It may sound like trumped up positive spin (this is the conclusion reached on the Yahoo message board), but it's really the only thing that makes sense. There's a reason they've left the reverse split ratio and the timing flexible, and they state as much in their 14C.
Share price is the #1 factor needed to determine the best ratio to use in the reverse split. Unless they have more news coming out, they might as well do the reverse split now, because waiting will only produce a weakening in the share price.
Share price can make a big difference. Consider that the minimum share price for listing on the NASDAQ is $4.00. If, for example, they did a 1-for-20 reverse split now, the share price would be $7.20. Say they announced a deal with a big retailer and the share price rises to $.75. After a 1-for-20 reverse split the pps would be $15.00. Presumably, they don't want the ratio for the reverse split to be any higher than they deem necessary for moving to, and maintaining listing on, the NASDAQ. It certainly has to be well above $4.00 because they'll need a buffer zone to accommodate share price fluctuations. $10.00, maybe?
So if they're going to do the reverse split, I see them coming out with news, probably (hopefully) a sales deal, they will wait to see what effect it will have, if any, on the share price, determine the ratio of the reverse split, do the split, and apply to the NASDAQ.
Let me be clear. This is my theory. It's only a theory.
