Firstly, I'm assuming that the buyout will be going through...

Firstly, I'm assuming that the buyout will be going through next week. It's at nowhere near it's fair value, but so it goes.However, just in case the star align and we don't let another Australian company get bought out for a can of beans, the first thing that the board must do is a 10:1 reverse stock split.

There is an argument that this does nothing and that sound investors don't pay attention to shard numbers on issue. This is extremely innacurate and it's hard to say that anyone can look at over a billion shares on issue and not get suspicious. It should be the first action of the board if the sale doesn't proceed. Frankly, it should have been done years ago.