Re: Regarding the share consolidation (reverse split)
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posted on
Feb 15, 2021 05:32AM
Jonny5Alive: What I was getting at was if we split to the minimum amount of shares we have to have to uplist (100,000,000) and the big guys want a large position how does that happen without more dilution?
You can find the Nasdaq requirements here: https://listingcenter.nasdaq.com/assets/initialguide.pdf. A minimum of 100,000,000 shares is not among them, in none of the three segments.
The minima are as follows:
However, there are other requirements we would also have to meet, namely income requirements.