If you want to discuss a reverse split at the time of uplisting to the NASDAQ, for example, then consider the following:
What are the rules to be listed on NASDAQ?
- Shareholders Equity of at least $2,000,000.
- At least 100,000 shares of public float.
- A minimum of 300+ shareholders.
- Total assets of $4,000,000.
- At least two market makers.
- $3 minimum bid price of the company stock.
- Public float market value of $1,000,000.
We currently meet all requirements except #6 so.
Constraints are as follows:
- #2 would be negated by anything > 3:1 R/S
- #6 would require minimum $1.00 US price before the split
So if management decides to go this route, and based upon today's valuation, the required ratio looks like 3:1.
Chew away!
IMHO
