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Novation Companies, Inc. Message Board

  • richard.morris1947 richard.morris1947 May 30, 2013 10:18 PM Flag

    For Discussion...Nasdaq or NYSE Listing?

    Had I attended the AM, this is one of the questions I would have asked.

    It appears to me that NOVC's market cap of over 40M would qualify it for both the Nasdaq and the NYSE.

    Unfortunately both require a $4 a share handle, so as much as I hate to have to do it, I guess another reverse split will be needed.

    Anyone have thoughts or ideas about the process of being relisted? Alternatives? I for one am looking forward to the day this comes to fruition.

    Rooky
    aka
    Richard Morris
    Va. Beach, Va.

    Sentiment: Strong Buy

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    • A reverse split can backfire. At this time, 50 cents seems like a reasonable bottom, no matter what happens. If you raise the price, without any net benefit to shareholders, there is more room to drop in the case of any negative news or perceptions. A reverse split can also be construed as an artificial prop to price (which arguably it is) and that can result in further negative ramifications by the market, perhaps only short term, for share price.

      Stay the course and get the stock over a dollar short term. A simple appraisal of Streetlinks could accomplish that in my view. Reactivate earnings calls next quarter and eliminate any fears that the company is hiding stuff and that can only help. Provide some solid projections about CorvisaCloud and that should get us up another notch.

      If there were to be a reverse split, I would prefer to see it on an upswing rather than during a time of flat or falling share pricing.

    • u have usually been against a reverse split , but i called for one a few years ago !

      Sentiment: Strong Buy

    • Wow...just talk about a possible re-listing sent NOVC's internet goon stalker and a*hole into a maniacal rage.

      The FACT that NOVC is close to meeting the requirements (verified at corporate) must be pretty unnerving to miscreants when it means losing control.

      Stay tuned

      Rooky
      aka
      Richard Morris
      Va. Beach, Va.

      Sentiment: Strong Buy

 
NOVC
0.040.00(0.00%)Jul 21 3:59 PMEDT