Replies to post #374 on Singing Machine Company Inc (MICS)

[Bruinfan4ever]

The reverse split is not set in stone. And it would really be ridiculous to do a 1 for 30 if the stock makes it to 1.00.

But no matter what, they should at least wait until the first quarter of Walmart sales before they decide to do anything.

[hweb2]

The exact number on the reverse split isn't set in stone. They just want to make sure they comfortably clear the Nasdaq minimum price requirement. It used to be $4. But I feel like I've seen stocks make it in the $3's, so maybe they lowered it. They've already got the ticker MICS reserved...so seems like a done deal once they do the reverse & capital raise. Of course the way the Nasdaq is crumbling in recent months, I'm not sure SMDM moving to Nasdaq will have quite the same fanfare that it would have say a year ago.