Absolutely they need to get it through there heads to stop on the idea of AMEX completely until they have a good track record of annual and quarterly financial reports. They are total blundering idiots to think of going to the AMEX while they cannot even file a report for the end of March. They are late on CPICF a company with $12 in sales last year report and no info on website for over a year and look at CHINA MERCHANTS DICHAIN (ASIA) LIMITED it trades at 6 Hong Kong cents which is less the a penny US. http://tinyurl.com/b34rf
They need to work on business and reporting the business and not on moving to AMEX - any reverse split and stock will come back to current price absolutely until they can get their reporting in order and show continuous results for several quarters. When they earn 3-5 cents then they can think about a move but they have way to many shares and I wrote them extensively about it before they bought DICHAIN Software. Remember that the deal was actually like a transfer from Dichain to what was DFCT but they paid about 197 million shares and that was 10 times the highest average price to acquire any software company. They originally were going to pay about 40 million shares but changed it I suppose so the Dichain Holdings would end up with 55% of DFCT. IMO it was a huge mistake and the stock was at 80 cents and you see how it played out. I gave them all the proper examples of why the stock would not hold the price and they said well that was only one way to value a company...duh.
Over a few years of course at this stage the stock will only be driven on earnings and to try to artificially move the price up through reverse split or other means would be another huge error.
Frank has an awful track record and was responsible for the mistakes that have been made.
Though positively just say no to Amex and especially a reverse split. Say yes to continuous ON TIME time quarterly reports. If a year from now they have done that well the idea could be revisited.
News 
Market Data 
Discover 
