Luv:
I still contend they're eligible to uplist to NYSE-MKT under standard 4A guidelines which are very minimal. I believe only need a $75 million market cap and $20 million market value of public float. And can qualify at $3.00 or better-
If a company is having difficulty making guidelines NYSE governors also take into consideration compensating factors such as 1) Nature of business, 2) Market for it's products, 3) Reputation of management, 4) Historical record & pattern of growth,5) Future outlook and others-
To simplify the numbers if effecting a 10 to 1 on 340 million shares and PPS is .50cts we cross over at 34 million shares at $5.00. I voiced my concern to Jody Cain about management willfully ignoring this possible avenue to a big board and she said they didn't feel the NYSE-MKT offered enough exposure/panache to risk the move-- You & other large shareholders should rattle their cage regarding this topic- The current form of raising capital is untenable- Be staring at 500 million shares one year from now if nothing changes-