What real difference does it make if there is a reverse split or not, absent an astronomical pps such as Berkshire A shares (thus the B shares without voting rights)? Most of the negative reputation of reverse splits seems to be due to the instances where there is a reverse split in order to avoid delisting from and exchange because of a low low pps. If SGLB reaches $5 per share without a r/s, what practical difference would it make of there were a r/s of even 10 to 1, thus resulting in a pps of $50?
In addition, with regards to posted concerns about the implications of a possible R/S, here is some information from an older article:
Reverse splits are a sign of good things for companies on the way up, but a sign of bad things for companies on the way down. In order to meet the minimum share price requirements for Nasdaq, many companies will conduct a reverse split. This is perfectly acceptable to the exchange, and the post-split share price will be evaluated accordingly. Using a reverse split to raise the share price and obtain an uplisting is a very positive sign for a company and is much different than companies that use a reverse split to prevent being delisted. Once again, the confusion relates to delisting as opposed to uplisting. Many people who don't focus on uplistings only encounter reverse splits in the context of companies that are trying to stave off a delisting, so in many people's eyes a reverse split is a sign of a troubled company. For the relative few of us focused on uplistings, a reverse split is typically the first catalyst that attracts attention to the potential uplisting and is considered a very good event.
They would not require a r/s at that PPS, however, that increase to $5 would have to justify $3B+ market cap with the current O/S.
I would rather uplist sooner than later and believe that we would get to our target much quicker by using a r/s. The volatility of OTC trading keeps many on Wall Street from considering an investment here. Good for us who found SGLB first and would like to load the boat before the big dogs jump in....but for the future of the company it will be in their best interest to trade on the Nasdaq or the likes as soon as possible.
They need to reach just $2 and to sustain if for 5 consecutive business days for an uplisting, if this happens no reverse split needed for uplisting. But read dadx's link for more up listing requirements, I'm just saying there is a way to up list at 2 dollars. Why am I even commenting on this? Somehow I ended up on post from April thinking it was from today.
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