If Dais expects to pull off a reverse 10-1 split and a successful IPO, they better come up with some dynamic news better than expressed thus far. I expect word on water contract from Beijing pilot plant and large advancement of that contract. I believe something regarding same was supposed be be forthcoming this past summer but evidently got delayed. JMO.
They have a problem with shareholder equity to meet the easiest of the listing requirements on the AMEX with a minimum of $3 SP. This indicates either a debt for equity swap is needed, which likely won't be enough or a serious influx of either income or dilution or a combination of the three. I need to check the NASDAQ capital market requirements, but if they can't make the AMEX listing requirements, I'm fairly certain they won't make the NASDAQ. NASDAQ has a minimum bid of $4, which Dais may have qualified for assuming 10 for 1, when an application was submitted, so it could may dependent on the additional NASDAQ requirements.