I don't think Joe was only saying that we can batt
Post# of 36566
(Total Views: 220)
Posted On: 10/26/2019 9:28:55 AM
I don't think Joe was only saying that we can battle back to rise above $2 again. I think he was telling us that the rule is a company has to be at $2 for 90 days before the application is submitted, which is what the rules say if you look them up. The difference, is everyone thought that meant 90 days immediately prior to the application. Apparently it might not mean that - instead we may be able to count those 90 day periods in 2018 when it was above 2. And that makes sense, since the price dropped dramatically after the 20:1 dividend, which should not count against us.
Regardless, the below $2 price right now does not appear to be a problem. If we really had to start all over with a new 90 period, I imagine Joe would have already postponed the dividend payment. Otherwise, we would sink really fast once that dividend was paid and it would appear hopeless to get back to $2 anytime soon.
Regardless, the below $2 price right now does not appear to be a problem. If we really had to start all over with a new 90 period, I imagine Joe would have already postponed the dividend payment. Otherwise, we would sink really fast once that dividend was paid and it would appear hopeless to get back to $2 anytime soon.
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