This is utterly ridiculous. It is a waste of the company's time....

This is utterly ridiculous. It is a waste of the company's time. It is a waste of my time. It is a backdown on the promised payout. It is simply a share split which benefits nobody. Smoke and mirrors.

Today you have say 10 000 shares at 1.30 - value of holding is $13 000. Tomorrow you have 10 050 shares at 1.2935 (market will round up or down as it sees fit) - value of holding is $13 000

If you look at it from a market cap point of view. this has no bearing on the value of the company. Market cap before bonus shares $724M MC after Bonus shares $724M all they have done is chop the company into more but slightly smaller pieces and thrown everyone the extra crumbs. You own the same percentage of the company and the company's total worth has not changed.

Am I missing something fundamental here or am I being played for a fool.