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Thursday, March 07, 2013 10:29:49 AM
They need a converted bid of 4.00 which they all ready have. When it flips they just adjust it to the agreed upon price but the requirement states that after doing so then there must still be more than a million shares outstanding. At todays structure they would have as high as a ten dollar stock so they easily meet that requirement.
They do need to file audited financials and they have been working on them for some time.
Did I miss anything? They qualify otherwise.
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