"U", I agree that a 1:10 is better
although probably the price should be around .60 or better to allow a margin of safety to spare the embarrassment of a quick turnaround delisting should the price fall slightly.
That being said, how long would you estimate that it would be before the pps would meet that standard? I can't see it happening in 2008.
I also agree that a R/S can be successful, particularly where it is used for a good reason. Reducing the number of authorized shares to a reasonable number while simultaneously increasing the pps to enhance investor visibility does qualify. If this makes them eligible for an improved exchange listing, it is certainly very sweet icing on the cake.
The obvious caveat is that the company should be showing earnings rather than trying to simply inflate the pps.
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