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To: John Sahakian who wrote (3088)4/6/1998 4:28:00 PM
From: Sherm  Read Replies (3) | Respond to of 6654
 
Why reverse to $4? Isn't Nasdaq price hurdle $1 to get off bb?



To: John Sahakian who wrote (3088)4/6/1998 9:59:00 PM
From: TraderGreg  Respond to of 6654
 
the reverse split will have to be big enough to get the share price over $4.

Keep in mind that the reverse can't be too big because the Public float must be at least 1 million shares with a value of $5million. Not to mention, $4million net assets or $750K net income or $50 million market cap.

With 110 million shares O/S,a float of 50 million means a minimum 10 cent share price.

TG



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