Dont get upset if we dont hear from here on this... the letters states One or Before Feb 22nd.... I think she has already sent the request in, and is waiting for a reply.
She may also have gotten a reply and will then announce next week what the plan is that got approved for the company go regain the minimum .10 on the ASK for ten days... She is going to need something big... if she put something on the table that would generate a runto .12 cents but thats it, then they will short it back down way before 10 days passes....
IMO the only two thins she can do to satisfy the Rules Board is to tell them with in a week the Phase III results will be announced or she can tell them she will do a reverse split. For those not familiar with this company thru and thru, they have done 3 Reverse Splits since 2018, its in their charter that shareholders must approve a reverse split... which is just a formality, since management has 51% of the shares locked up... but we will all get a proxy statement either in the mail or from our brokers and we get to vote... the sales pitch will be if we dont do it then the company's stock will be moved to the OTCQB and we most likely wont be able to get the funding to get this FDA approved and into production as big money does not loan to OTC people....
I am afraid that I am thinking she is going to do the RS, why? because lets say she leaves it at 05 and then puts out the results of the Phase III and those results are very good we go up and could reach one or two dollars ... if she RS the stock then puts out the results we could go up to ten dollars or more... she will want the higher price... I think that has been her plan all along..
Hope I am dead wrong.
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