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Handyman4545

12/11/16 10:22 AM

#14384 RE: Baxy #14383

Also says trading price minimum of $4.00

To get listed via a merger, the trading price of the new company needs to be at least $4.00
Conversely, the merger company needs to be currently trading at a minimum of $4.00
Then there's the question of who's name is retained.
Say for instance
Company "A" trades at .0002
Company "B" trades at $4.00
If they merge, Company "A" gives up its name to Company "B" but the merged shares result at $4.00(+/-)

If 1,250,000 shares is a goal number of shares and Company "A" and "B" both currently have 1.25m they might consider a reverse split to whittle the independant numbers down so that the resulting total after the merge is 1.25m

BUT that's just my opinion and I have been wrong before.