Replies to post #1736 on DataJack Inc fka DJAK

[CansoSpaceMan]

I especially like the clause about roll back and possible future dilution. What a surprise.

[sabercatpuck]

OK, so there are typically 2 reasons I have found to do a reverse split. You have diluted your shares to a point that the PPS is in the sub micro's and to try and bring in more investor money you need to have room to let it fall again.
The second is to raise the PPS to the point that you can begin the process to be listed on one of the major exchanges. Nasdaq requires $4 and I don't know that the other major exchanges look to be a good fit. If this is the case and a reverse split of 20 to 1 is being used to raise the PPS to NASDAQ levels they would need to get the current PPS up to $0.20 before the split.

Do note I am not a stock guy and have only been playing around with this a few months so there could well be things I am not seeing. Will be interesting to see what the day holds