For the record I agree with terafly that we could be in a position int he latter half ofd 2013 that the shares could be tendered for the NAS ones at a 1:1 ratio. Having said that, I wouldn't worry about the reverse split having a negative impact on your invesment. Supply and demand dictates the SP, so even if the OS was cut in half in a revers split, the potential for the SP to rise to it's potential value should double accordingly.

I'll use KROM's numbers as an example, a $10 SP bringing a 500k return, today's fully diluted shares (rough numbers).

Theoretically, the SP shouldn't actually stop at $10 after a RS, it should go to $20 which preserves the $1M win he is hoping for.

Even clearer, lets say a buyout takes place after the RS. That money would be divided into a fewer number of shares (less royalty to UCONN, and any other payout before we get ours) after a RS.

I think the negative stigma attached to a RS is that it is often done when a company's SP has reached a point where they can't raise cash. In our case sucha a thing would be done to qualify to list on the big board.

But again, I don't think that's what Chris was suggesting. I think he was saying that when OPEL transistions from an pre-earnings R&D operation to a licensor with earnings, OPEL would do an IPO to get on NASDAQ and we would give up OPL.v (or whatever) for POET.q (sweeeeet) at a price set by the underwriters doing the IPO. I think this should be at a premium to the price at the time of the IPO. I'm going to do some research to find examples fo companies that have made such a transistion and report back.