Aug. 17 at 12:34 PM
$FDCT in my opinion the goal here is the up list to NASDAQ. That'll require a substantially higher valuation, minimum pe of 10, before initiating the filing. That'll reduce the split to a small amount of 5 or less. Typically an ipo is ballpark 15 million. Seems to be the average. The volume and dollars involved on Friday were extremely significant to a massive event forthcoming.
Finally, not my wish or desire but there's always the possibility of a high premium buyout. I doubt that's the game plan given the efforts on hiring legals and Hutton. But, given the consolidation of this sector, one can't rule it out. Pull up the monthly charts 10-20 years out for the bigger picture.
Just my take.