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Jones Soda Co. (JSDA) Message Board

  • msheah1@att.net msheah1 Sep 20, 2012 12:34 PM Flag

    In Otherwords Screw the shorts

    Michael Fleming, Chairman of the Board, stated, “We carefully evaluated our options to maintain listing on Nasdaq, including whether to effect a reverse split to satisfy the $1 minimum bid price for our common stock. Based on our research of other companies that conducted reverse stock splits to satisfy Nasdaq’s minimum bid price requirements, we felt that the likely outcomes and cost to our shareholders in terms of significant reduction in market valuation were too high to warrant approval.”

 
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