Anoremalous. Alright, your stuff confuses me. I think it's more mathematical gibberish than anything. All I am saying is that our margin of profits are suffering due to to this reverse split. Granted, it depends on the ceiling of the company. And I believe the ceiling would be the similar regardless of consolidation. Now this is where the argument against my point could be made. Personally, I think that PEK would have achieved the same milestone of 6-10 dollars a share in 3-7 years regardless of the reverse split. The reverse split really rewards the management.
1,000,000 share after reverse split = 100,000 shares
100,000 shares times 6 dollars = 600,000 dollars, nowhere near 6,000,000 dollars.
I don't know about you all but I am in this for making money...and to invest in companies i believe in.
It's about profit margins and after the consolidation our profit margins shrunk drastically.
Ann: Shareholder Approval of Capital Consolidation, page-48
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Mkt cap ! $49.28M | |||
| Open | High | Low | Value | Volume |
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