Replies to post #289 on Oculus Innovative Sciences, Inc. (OCLS)

[cazual]

OCLS $$$$ To be voted upon by shareholders on June 29, 2015...probably will be voted against because the primary reason was to regain compliance with the NASDAQ listing rules.

In order for our common stock to continue to be quoted on The NASDAQ Capital Market, we must satisfy the continued listing requirements established by The NASDAQ Stock Market LLC (“NASDAQ”). Among other requirements, we are required to maintain a minimum bid price of $1.00 per share for our common stock.

The Board of Directors’ primary objective in proposing the Reverse Stock Split is to increase the per-share market price of our common stock in order to maintain our listing on The NASDAQ Capital Market.

[Viking John]

Not yet, they are voting on the RS June 29th. My guess is they will vote no. They were out of compliance with nasdaq and wanted to do a RS to stay compliant. The requirement is for the stock to stay above a buck. They were last at $1.76.