The goal of going on a major exchange is something we all can agree to, if it's done the right way. The right way is by largely building the share price. The wrong way is a huge reverse split. When the stock was selling for a nickel a 1 for 100 would give you a $5 price if the market cap was maintained, but history says it won't be. In fact I doubt if $4 would hold long enough to get on the Nasdaq. Perhaps a 1 for 200 would make it, but the market cap would be 50% or less than before the reverse split. It's not the right way to do it.
What is the right way, first build the share price to $1 or more, while I'd very much welcome that and would go along with say a 1 for 3, 4, or even 5 to approach the Nasdaq, but frankly if you can get the share price to $1, you could go on the AMEX and continue to build until you're at $4 or more and go for the Nasdaq, or you could just stay on the OTC until you qualify for the Nasdaq with revenue growth. Immediately the revenue might be entirely from Core Optics, but I bought this for it's battery technology, it that's recognized and a major contract comes in, it could be what really moves it to the Nasdaq. It takes patience, but if you do it the quick and dirty way with a major reverse split, you may be on the Nasdaq, but your market cap is a small fraction of what it had been.
I hope the Core Optic people who may be taking control do so in such a way as to build market cap, not tear it down.
Gary
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