Don't know about a new appraisal. During the prior conf call, Joe said it costs $50K+ for an appraisal and they were concentrating on the nasdaq uplist. I doubt they are working on a new appraisal or spending the money. They will probably use the prior appraisal and sell to new investors with that being the bottom value.
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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.