Thus, the three main steps to look for that indicate a company may be positioning itself for an uplisting are:
1. Undergoing a reverse split to meet the minimum share price criteria of the exchange ($4 for NASDAQ). 2. Restructuring the board of directors such that a majority of directors are independent. 3. Creating the required board committees (audit, compensation, and nominations committee).
AT TODAYS PPS, EVEN A 1:1,000 R/S WON'T GET THIS TO THE NASDAQ
AT TODAYS PPS, EVEN A 1:500 R/S WON'T GET THIS TO THE AMEX
Not to mention other criteria that needs to be met, and at this point, are not met.
Not my failure rate for a 500:1 RS. That's a mkt fact. Anything that has that kind of Risk needs to be explained openly. Just like bitter tasting watered down lemonade tastes like it's diluted. My trade account is real and it shows what a diluted CBAI shareholder has gain/loss from dilution. Not really worth debating. Where is the independent board? The 14A was filed without an interested person representing a minority shareholder. That's a no-no...
Not enough room for all losers on you poster board, given even 50/50, I didn't do my homework and listen to what I believe as "TRUISMS" from the CEO on a coin toss. If you did, that's your problem
Those numbers all LOOK good but tell me, what was the ratio of the R/S of those companies? Any of them near 500/1? further... how much did any of those companies increase their A/S AFTER the split....I'm guessing very few or more likely NONE!