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hogg

08/05/12 4:26 PM

#39591 RE: DTL #39589

I sure didn't realize the $5 rule , thought it was just over a dollar, for a certain amount of time. That could be a problem for awhile. Hopefully not.
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blindinvestor

08/05/12 9:07 PM

#39595 RE: DTL #39589

DTL, I understand that what I described is an uplisting. However, There can be a contingency filing, or even a notification by the board that they are in the process of formalizing a filing and then follow through. It takes severa months for it to be approved and with a contingency, the company could provide targets that the AMEX or NASD or NYSE could confirm through progressive reporting via the company Q's that they are in fact moving toward their stated goals and requirements of income and share price and shareholders, etc. As for share price, perhaps they might need to either improve the revenue dramatically to enhance share value, or do a reverse to enhance share prices so they can qualify for the standards imposed by the exchange they would want to pursue. It's a process. But if we loose the shorts and the 80M FTD's, it would be well worth the effort in my opinion. I just don't know if this can be done with the goal to eliminate the FTD's. If it would do that, then why not take the steps necessary? We have to do something, sometime, or maybe the question is do the FTD's stay with the stock even if it goes to $3 sometime in the future? If so, you get my point of doing something as quickly as possible.