The problem with comparing earnings and stock listings is that earnings aren't reliant on shares outstanding. The Nasdaq looks at a $4 share price to list, and $1 to keep a listing, but you can have up to a year to get back above $1 if you do go below and are warned by the Nasdaq. The point is, it doesn't matter what the market cap is.
A company with 50 million shares outstanding needs to have a $200 million market cap, I.E. a $4 share price to be listed, whereas a company with 500 million shares outstanding needs to have a $2 billion market cap. The Nasdaq, NYSE, etc essentially are encouraging marginal companies to do reverse splits to stay listed, or for companies that want a listing to do the R/S to get the qualifying share price.
The sad part is that R/S's almost always initially result in a drop in the market cap as they're perceived as being very negative in spite of all the arguments for them. Personally I'd rather see the company take the time to build up the market cap to meet the $4 a share rather than R/Sing to get it. I believe if the company were selling for say $.60 a share, if they did a 1 for 10 which should take them to $6 they'd actually be lucky to achieve $4, so the R/S could cost investors over 1/3rd of their equity.
If the company really wants to move off the OTC, I believe the AMEX requires $1 to be listed. If a small R/S were used to achieve that, I believe that's far more tolerated than a much larger one. A move to the Nasdaq could come some time later as share price increased to $4 or higher.
From what people are saying about earnings from Core Optics, if true that they're earning double, or triple digit millions annually currently, I really believe a few quarters of reporting such earnings will result in at least over $1, and depending on the actual earnings, perhaps even over $4. I really think we need to see what we have, and what we can add with new sales, before pushing the R/S. I hope they give it time to see. Of course we're currently not discussing what the existing company could bring to the table, but we should. Having our battery technology incorporated into any major battery makers mass produced batteries could be huge, I have no idea how close we may be to such an agreement, but hopefully that's in the cards as well, and that could put us on the Nasdaq as quickly as other listing requirements could be met.
Gary
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