If they intend to have the stock price above 1.00 by Aug they will have to have alot of positive PR starting real soon.Maybe they'll have a reverse stock split -although I doubt it (esp since management owns 25% of stock)Should be an interesting month!!
There are 11.8 mil shares outstanding so a reverse split is highly unlikely.The book value is 3.72 a share and there's .71 cash per share.If this qtr shows a profit 1.00 is no problem esp with the move into direct retail sales!
Tell that to the entity which is dumping thousands of shares almost every day at 54. And one of us is even trying to get out at .58. Not looking good. Remember, the stock has to be $1+ for 10 consecutive days before Aug. 5th. There is the chance of filing for an extension, which is my bet.
We will eventually get above $1, but it won't be until after earnings and then it will be hard to stay there unless management starts sharing some information with the public. Oh yeah, and replaces their piece of _ _ _ _ IR!!!