Agree, but JAGX would end up on the OTCQX or the OTCQB, which are fully reporting levels of the OTC and would not really hurt the stock all that much... the problem is if they do end up on either of them, then in order to get back to the NASDAQ they have to get relisted and pay the listing fee all over again... so I am sure they will tell the review board this... "If we have to do a reverse split to stay listed due to the drop below 10 cents they will do it" the board would then give them the time to set up a proxy statement asking shareholders for the ok to do a RS... a formality, since they themselves control over 51% of the stock, as we stay on the NASDAQ with a 1 for 75 or 1 for 100 reverse split... If they can get the results of the Phase III out this week then none of this happens cuz the stock will be up to a dollar or more.
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