They already meet that requirement. No, this is related to borrowing, which tells me things are much worse at TIW than many had originally thought. They must need to get their hands on money very soon, and this is the method they have chosen to achieve that goal. BeeDope' laughed at the above poster's hypothesis. Anytime I stuck around for a consolidation, I compare it to falling off the front porch with my hands behind my back.
Face hits the dirt and head bounces off the pavement.
This tells me they have no confidence in the price of the stock to keep its rise. Poke at this one with a stick. At the time of this report, most of the Telesystem forum posts were negative. With only 15 million outstanding post-consolidation, we are seeing a strategy for recovery slowly take shape. Join the Telesystem BullBoard and post your thoughts.