This makes sense to me. This would put a R/S around 5-1 to get to the 60m to 80m share structure.
Keeping with the fact that the company wants to target large insitutional brokerage firms and assuming a bare min USD share price on the NASDAQ would have to be north of $10USD to do so, I think the company has plans to move sp in the range of $3 to $4 CAD to get to the optimal R/S strike price.
At least thats the way I read these tea leaves...The market can have a different approach.
Enjoy the ride folks!