InvestorsHub Logo

nysepick

08/01/06 6:21 PM

#262 RE: qlt #257

In all probability, GLT, that is not a rumor, but a link in the strategy to prepare this company to move to another exchange.

One of the requirements for moving to AMEX, for example, is having cash in the bank--$750,000, I believe--as well as a price per share above $3.00 for three months. The recent increase from 50,000,000 to 150,000,000 shares will facilitate Integral's ability to raise the necessary cash. Shareholders voted in overwhelming numbers to approve that increase, not as much for future splits but as a means to raise cash to get off of the OTCBB.

Based on what I am hearing, any placement of large blocks of shares will be quickly absorbed by institutionals who are eager to jump aboard. The PPS will stabilize in the $4 to $5 range, then announcements will propel it to the next level: $10.