Actually, I think he was very patient with Emily.
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Posted On: 10/15/2019 12:01:15 PM
Actually, I think he was very patient with Emily. She was nervous and her question was very drawn out without really saying what she was asking initially. I tried to get more out of Joe about that and he shut me down too. Yes, he does not know exactly how it will work, and he said they corrected the firms to change the 20:1 dividend to be a dividend and not stock split, but is was still handled as a stock split. This will be handled that way too and he needs to let them know it is not a 2:1 stock split, otherwise we WILL get cut in half.
On you point about delaying the dividend until after the uplist, I think that has to be done. If he does the dividend and we don't have nasdaq approval yet, we will get the 90 days reset. In fact we would have to reach $2 again to start the 90 days. Also, Joe was looking at calendar days when he said he thinks we are over 90 days, we are not. We are currently at 82 days, but will be 90 by the end of the month (if we stay about $2).
On you point about delaying the dividend until after the uplist, I think that has to be done. If he does the dividend and we don't have nasdaq approval yet, we will get the 90 days reset. In fact we would have to reach $2 again to start the 90 days. Also, Joe was looking at calendar days when he said he thinks we are over 90 days, we are not. We are currently at 82 days, but will be 90 by the end of the month (if we stay about $2).
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.