LE, even with the initial requirements for listing, all FAMH would have to do, since they qualify for everything else including their net tangible assets, net pre-tax income in latest fiscal year, etc., they would be grandfathered in immediately, and then given time to reach the only thing that is not set right now which is the minimum bid price of $4. If FAMH reaches over $1 before then, that point is moot: money flow and basing would make it so. Even at that point, a $4 share price would mean that with a PE of 20, they would have to have an eps of only .20 with the then post merger share count, yes, fully diluted. The Myriad acquisition alone will accomplish this IMO.
So, your point is moot. As Jesse Jackson once said on SNL, the question is moot.
Jin. |
