I like everything in that report apart from the registry manoeuvring.
Not a big fan of this coming 5 for 1 but surely this is the last of the registry shenanigans. Splits and consolidations are unnecessary and they play into those that can't calculate MC and fair value...short term traders mostly. Do you really want to attract that kind of short term trader stupidity into the DVP registry? Focus on the size of the cake (the MC) and not how that cake is sliced. It is still the same cake, the skinnier you slice it the uglier it looks but if you can get past that it will taste the same.
Enough with the registry nonsense and let's get on with SS.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4
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