Replies to post #45596 on Southcorp Capital Inc (STHC)

[SooS416]

Which will lead to the pondering of a reverse split which I have always thought would be in the cards, Mark does not seem fond of penny stock shareholders, with a float of 278M and O/S 370M I am not sure why he wouldn;t split as there is zero benefit to him to keep the bottom barrel penny traders around, especially if he wants to sell shares to raise capital to fund the operations.

Split away the "filth" issue shares to higher class investor and move on.

[rhod]

OTCQX has a $1 listing requirement.

From Investopedia:

To be eligible for a listing on the OTCQX U.S. Premier Tier a U.S. company must meet specific and additional requirements. Requirements include a minimum bid price of $1 for the preceding 90 business days and meeting the financial criteria for continued listing on the Nasdaq Capital Market.