Yeah I think they may have got a little ahead of themselves as there is no way it could happen in early 2005 regardless short of a merger with a nasdaq shell (could be reason for forward) as you have to maintain that price for like 90 days before applying.
NASDAQ, I am not sure about the nasdaq requirements, I will research, but with the AMEX there are several different options for being listed one of which does not require the high PPS but does require a higher total market cap. Also, the additional shares will be needed in order to maintain the liquidity.
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