Having been burned by OTC CEO's promises more times than i care to remember, the one constant takeway is they all could give a rats ass about their OTC shareholders. Now, if they manage to get off this snake pit of an exchange(1% chance) then their feet can be held to flame by real exchange shareholders. (Look what SEC did to Elon)
SADLY I DO NOT SEE IT HAPPENING YET... THEY HAVE NO REVENUE..LITTLE CHANCE OF HAVING ANY UNTIL NEXT YEAR IMO..IF THEY GET OFF THE OTC THEY WILL BE SHORTED IN DAYS BACK TO SUB 1.00 DUE TO NO SUBSTANCE..... IF RORY PLAYED IT RIGHT..HE COULD ORGANICALLY RAISE THE PPS TO GET US ON THE NASDAQ..BUT I THINK THAT WILL TAKE QUITE SOME TIME.. LETS SEE IS ALL WE CAN DO .. WHY I ONLY HAVE A STARTER HERE SO FAR.. WAITING.. FUSZ
Yes, this is the biggest question for me as well. The longer we stay in the 30 cent range the greater the risk of this being RS at this level.
As of right now, I see no effort to change that, however, a share price rise can happen quickly.
The 14C says we have 20 days from that filing whereby we shareholders have to be mailed the notice of RS before effectuating one.
A Reverse Stock Split will become effective at on the day noted on the Certificate to be filed with the Secretary of State of the State of Nevada, which may not occur until at least the twentieth (20 th ) day following the date on which this Information Statement is mailed to our Stockholders.
This means that we may have little time to raise the price before one could go into effect. Furthermore, this 20 day timing lines up well with Rory's comments about the acquisition closing in 30-45 days.
And I think your 100 percent right. A RS is on the agenda. If there is no attempt to raise the price from here, then I find Rory's "if we need it" comments very disingenuous.