My guess is that since shares already existed, it will be called a secondary offering. The holders who helped settle debt, at $1 a share, and other major share holders who have interest in seeing a value greater than $1, will not like to see it drop below that level. And it won't because as we've been told, news will be released with the public trading session. (or how ever that happens).

So the only things BMSN has had to do is prep by getting a CUSIP, Registering new shares, handing them out (dividend instead of IPO), and FINRA getting a symbol (which they may already have).

So it's not an IPO for new exclusive shareholders, it opportunity for current shareholders to be a part of great potential growth. And when they decide to push that big green button after things align for them, revenue will stream for investors and company. Button pushed would be PR along with ticker symbol, and off to the races.

It may be WAY off, but at least it's an idea to pick apart. Any opinions critical in any way are welcome.