Would maybe make it easier down the track if a capital raising was required to get another project off the ground. I see this as longer term preparation for something along those lines.
Only other difference I see is psychological. For some reason investors feel more comfortable investing in a stock that's $4 as opposed to under $1- even if the market cap is still the same.
Cheers Spek
PNA Price at posting:
$4.03 Sentiment: LT Buy Disclosure: Held