Replies to post #209 on Lpath Inc fka LPTN

[G GEKKO]

My mistake. I forgot it was a 1-for-7 RS and not a 1-for-10 RS like Citibank.

However, the lessons learned from Citibank still apply here. Lpath is still on the OTC. Simply inflating the price through a RS doesn't move it to the NASDAQ. They hope it will help meet the requirements, but we're not there yet. But I hope someday that will eventually happen.

In the meantime, the RS is exactly as you stated, it is only to sure up its price on an existing exchange (OTC).