thedivet, I think you are right for the most part. I'm also not an expert, but there are requirements. I think perfect scenario would be for management to offer shares for sale to the public to meet open share requirements, and avoid dilution?
SIAF, the uplist they are talking about is going from the pinks to the OTC, not the NASDAQ or AMEX. I have no idea of the requirements the OTC has, but Im sure they are not as high.
SIAF free trading is actually 12M, they won't have a problem with liquidity when the time comes. The original nonaffliate investors (some 10M shares) are invested at much higher prices right now, some as high as $2.60. These investors are waiting on management to deliver the goods and there is no reason to believe they won't considering current progress.
The company has every intention to seek listing on the NASDAQ. With what is coming down the pipe in 2010.. I honestly don't see a problem.
They already meet just about every requirement but the $4 minimum bid. That is an easy problem to fix.
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