In my opinion, they'll do a 1:6 reverse split and an equity financing sometime within the next three months whether the resulting PPS will qualify them for NASDAQ listing or not. The mindset of Nic and the BOD doesn't appear to be affected by the PPS declines - they just want to continue down the road as planned.
Sort of like my moniker: "Damn the Torpedoes, Full Speed Ahead".
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