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MGC Diagnostics Corporation Message Board

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  • cudadida cudadida Feb 4, 2005 1:53 PM Flag


    Just got this info off the IHub board, poster called the company today on the Nasdaq listing:

    Posted by: researcher59
    In reply to: None
    Date:2/4/2005 11:35:00 AM
    Post #of 3592

    IPII NasdaqSC listing update

    I just called IPII and was advised that they submitted their application for NasdaqSC listing several weeks ago, and are awaiting a response. They had previously told me that their reverse split would take effect upon moving to the Nasdaq, but not before, since a reverse split is often viewed negatively by investors. Of course, if it's concurrent with the NasdaqSC listing, then it should effectively become a positive as a means to gain the listing upgrade. I also asked whether the Nasdaq might require audited financial results, which are only the annual results, but was told that was not the case. They have submitted their 9 month results with the application. Fiscal year end audited results are due out in late March.

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