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Dynatronics Corp. Message Board

  • investech77 investech77 Jan 8, 2013 3:12 PM Flag

    DYNT regains compliance with NASDAQ

    KC Jr. is painting a very rosy picture for the upcoming quarters.

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    • No #$%$, Red Rider and the cpmpliance came out of your butt. Our adjusted price today is .60/share!

      • 1 Reply to rancholasuvas
      • Rancho, why the attack on me? Have you got a burr under your saddle? Your post came out of your butt.

        I also am capable of dividing by five. Sixty cents is better than the price before the reverse split, as you well know.

        Here is the news item...

        SALT LAKE CITY, Jan. 8, 2013 /PRNewswire/ -- Dynatronics Corporation (DYNT) today announced that the company has received notification from NASDAQ that Dynatronics has regained compliance with the $1.00 minimum bid requirement for listing on that exchange.

        "In the twelve days since the reverse split was effective, we have seen record trading volumes in our stock with over 1.6 million shares changing hands," stated Kelvyn H. Cullimore Jr., chairman and president of the company. "This represents more than 65 percent of our total shares outstanding. By curing the minimum bid deficiency we have not only removed the threat of delisting from the NASDAQ exchange, but we have increased the visibility of our stock among investors."

        "Dynatronics has crafted a well-defined strategy to improve profitability going forward," he continued. "Through a combination of reduced expenses, a record number of new product introductions and a major expansion of our distribution channels, we believe we will be successful in generating significant bottom-line improvements for our shareholders in the coming year."

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