- reverse merger: irrelevant now, only if price < $2 prior to merger 'no minimum stock price requirement for continued listing' need > $6M equity, > $50M market cap, > 1.1M publicly held shares. 'comfortably above all of these thresholds'
- 2c warrant: same net result as preferred shares (not counted in market cap)
- escrow shares: 7M shares subject to cancellation
- 'financial shareholders' no long term interest, dumping... 'suffering is the operative word'