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Message: Re: "Reverse splits never work!" NASDAQ
4
Nov 15, 2007 07:36AM

I believe the requirements to get to small-cap Nasdaq would be $4/sh for a duration of greater than 30 dys. I dont know about AMEX requirements, may be lesser.

 If you base your assumptions on a NAS listing, a $4/sh means we need a market cap of at least $1.5 Bln, sustained for the 30...think in this fickle market, the only way to get that is if the 336 comes out of the USPTO review 100% unscathed, and the companies waiting in the wings to sign fold, and fold quickly, allowing TPL/PTSC to capitalize on the momentum.

A potential substitution allowing the momentum, would be conducting a highly effective PR blitz, but I would think market conditions would have to cooperate...

All IMHO

Regards

 

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