It is all disturbing. What is most disturbing t
Post# of 30027
Posted On: 02/24/2016 3:47:56 PM
Re: Finalstretch63 #22472
It is all disturbing.
What is most disturbing to me is that GC and Farrell had a conference call last May to discuss the reverse split and uplisting.
They said this:
"Now, these are several ways to qualify for NASDAQ uplisting. And we will be able to qualify by meeting essentially two important conditions. There is actually several conditions to be met but the two that we need to meet are to trade above $4 for 30 days and that is why we announced last week that we’re doing reverse stock split. Today, our shares are trading around $0.05. When the stock split becomes effective, which should be in the next couple of days, we should see the shares trade at about $7.50, so there is really comfortable margin above the $4 price that’s required to uplist on the NASDAQ."
With toxic financing in place, they thought we had a comfortable margin above $4. We quickly went from $7.50 to $0.11.
Disturbing.
What is most disturbing to me is that GC and Farrell had a conference call last May to discuss the reverse split and uplisting.
They said this:
"Now, these are several ways to qualify for NASDAQ uplisting. And we will be able to qualify by meeting essentially two important conditions. There is actually several conditions to be met but the two that we need to meet are to trade above $4 for 30 days and that is why we announced last week that we’re doing reverse stock split. Today, our shares are trading around $0.05. When the stock split becomes effective, which should be in the next couple of days, we should see the shares trade at about $7.50, so there is really comfortable margin above the $4 price that’s required to uplist on the NASDAQ."
With toxic financing in place, they thought we had a comfortable margin above $4. We quickly went from $7.50 to $0.11.
Disturbing.
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