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Posted On: 10/10/2019 2:40:47 PM
Post# of 36549
Re: OrlandoJohn #7052
OJ, I'm not trying to steal your thread. I thought about this as well. The most obvious solution is that uplisting occurs before the 1:1 dividend.
Even if it doesn't happen that way, NASDAQ should be able to count. The application was submitted with X number of shares selling at $Y. Given the dividend there are now 2X shares selling at Y divided by two. I can't see how it should matter.
Finally, I'm not convinced that the entire process falls apart merely because the pps falls below $2 for a day. Should the pps stay below $2 for an extended period (this is without the 1:1 dividend), that could create a problem. I don't know more than anyone else, but I believe the uplisting to NASDAQ will occur between the CC on 10/15 and the ASM on 10/25.
Even if it doesn't happen that way, NASDAQ should be able to count. The application was submitted with X number of shares selling at $Y. Given the dividend there are now 2X shares selling at Y divided by two. I can't see how it should matter.
Finally, I'm not convinced that the entire process falls apart merely because the pps falls below $2 for a day. Should the pps stay below $2 for an extended period (this is without the 1:1 dividend), that could create a problem. I don't know more than anyone else, but I believe the uplisting to NASDAQ will occur between the CC on 10/15 and the ASM on 10/25.
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