Re: RS or no RS
in response to
by
posted on
Feb 26, 2015 02:25PM
Its been identified already that only a $2 share price is required for the NASDAQ Capital Market tier for 5 consecutive business days before applying.
Thats really not far to go, and we don't need massive news to get there. I don't believe the NASDAQ Global Market is in reach by June. You would need huge news prior to the anticipated completion of the VCSEL and 100nm ring oscillator at the end of march to get us there before the beginning of April. In fact, thinking about it more, its not 90 consecutive days over $4.00 to get there. In fact its 90 consecutive trading days! Thats over 4 months so not even possible at this point. Thanks to Bumbleebee for educating us all on the requirements last year when the Nasdaq discussion started.
That leaves no doubt in my mind that Peter is planning on the NASDAQ Capital Market tier which they can achieve very easily with a few good announcements. We don't need anything earth shattering to get there as many have been led to believe, which is good news, but at the same time, I wouldn't expect a $4-6 share price (in the next 1-2 months) either. Of course, I would like to be pleasantly surprised.