Medite Cancer Diagnostics Inc (MDIT)

[MasterSalix]

Well, you mean the 1.5B would be restricted; the 300M or so I think would be free trading.....right?

In any event, restricting the shares is of little relevance to market cap and valuation. It seems clear to me that they tried a R/S last year and couldn't get it done, so to complete this deal they did the only thing they could - raise the authorized and issue a mess-load of shares, knowing full well that after the merger they would try the R/S angle again. Because they are a new entity it should be easier to pound through a R/S – I wouldn’t be surprised at all if shortly after the merger they announce a R/S because 2B shares authorized is very large - 2B shares issued is simply enormous for a penny stock....

Just my take - I like the new formation of the company, but for a company with just $10M in yearly revenue, and a small profit, with 2B shares, I don't see much upside at .04, even if most of the shares are restricted.