I don't want to wait a year to get off the OTC. Let's assume QMC sells capacity and has full quarter revenue for selling 500 kg of qdots in the second quarter. The realize that revenue on the 10K released at the end of September. The analyst take the numbers and assume full capacity is sold 2,000 kg or projected as annual revenue. Let's assume it's at $75/gram, 25% profit margin (higher since emerging market), 500 million outstanding shares, and a P/E of 30 (also higher because of emerging market). The price per share is calculated at $2.25. We'll be waiting for increased demand, another reactor, and additional contract announcements in 2017 to meet the price per share to meet uplist requirements. As can been seen by this very simply model there are multiple factors which we don't know what the actuals will be. I prefer to give management some flexibility to get us uplisted sooner. I prefer a smaller ratio as most do, but I feel strongly that it may be required if we want better investors to take us higher so that all of us early investors can take our gains earlier.
My $0.02!