I thought it was time for a change of direction in the forum discussions for Neptune Marine Services
At the moment NMS has approximately 334 million shares on its registry plus options
How about the idea of share consolidation
A share consolidation is the opposite of a share split.
Each shareholder's shares are replaced with a smaller number of shares with a higher par value. If a shareholder has a 1,000 shares with a par value of 65 cents, then after a 1 for 2 consolidation the shareholder will have 500 shares with a par value of $1.30
This consolidation would do two things in my view
Firstly it would take the sp past the psychological $1 mark
Secondly it would reduce the amount of share outstanding to 167 million
I personally do not feel comfortable with a growing company having more than 200 million shares outstanding. I also believe that share consolidation tends to accelerate the share price of a company over time
NMS Price at posting:
26.5¢ Sentiment: LT Buy Disclosure: Held
