Max,
There is a good possibility that PEM could reach $1 again. The challenge will be not to dilute the company to the point where dilution becomes a problem.
The first problem Premium has is its legacy; falling short of its inferred and promised deliverables has hurt the company and is intimately associated with the company's Brand.
Changing the name of the company and changing the ticker goes a long ways to disassociating the company with its negative past. The market knows Premium as the company with a marginal low grade prospect that could not attract the majors when the majors were looking, AND the company with management that consistently failed to take advantage of the market to raise funds and guard shareholder value.
Relisting under a new name is a good idea and easiest way to draw attention to the company again.
Premium also has to deal with the loss of capital associated with the loss of a significant portion of the patented claims and loss of 24.9% of all of its US assets including properties. On paper they appear to be a minority holder of the Petsite resource, not the 100% owner they were a few months ago.
The relisting is one of the easiest ways to clean this up, assuming the holders of the shares of Premium USA and the dispute parties over the patented claims are willing to trade their interest for paper in the new company.
