I think you may have missed the point, this has nothing to do with what can or can’t be done on NASDAQ. This is about finding a starting price that is close to where you’d generally find a company with this type of leveraged opportunity, using the ratio as the mechanism to get to that price.
I’m suggesting that $6 to $10 is a good range but it doesn’t have to be $6, it could be $5 or $20.
The most important thing to remember is we view $5 or $10 as a micro-cap, whereas you’d probably say the same about a company with a 5c or 10c price.
IHL Price at posting:
8.5¢ Sentiment: Buy Disclosure: Held
