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Re: CaptWhizbang post# 15463

Tuesday, 04/30/2013 7:28:03 PM

Tuesday, April 30, 2013 7:28:03 PM

Post# of 29204
{This same poster was throwing around "reverse split posts" and the like before last quarter's report beat the street.}

If you are referring to me I believe you are mistaken. I have never "thrown" around reverse split posts and in fact have mentioned in the past that in my experience they generally don't turn out well. This poster is not a fan of reverse splits.

This particular poster, meaning me, certainly has no interest in a reverse split. Did I "selectively" focus on the reverse split sentence in Gene-genome's post? Yes, that was the topic of discussion. Did I not ask for clarification if I was wrong or mis-reading it? I re-read it again and it sure seems that the requirement is there, although the language in the referenced post indicates that NASDAQ has stated that such language be included, i.e.:

{The plan of compliance should describe the manner in which the company will regain and maintain compliance with the NASDAQ continued listing standards. NASDAQ has stated that the plan should include the implementation of a reverse stock split in the near term – no later than 180 days after receipt of the delisting letter. In determining whether to provide the company with the opportunity to implement its plan of compliance, the panel may consider other factors such as the company’s fundamental financial strengths and weaknesses, the overall market, the company’s historical bid price and impending corporate actions.}

These are valid questions considering the take-down to the 70's last quarter from which the stock pps has been churned ever since. Also, we all have an opportunity to learn from one another when we have open dialog.

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