Why I'm voting against the splitEven now, with some 400m/s/o, the stock is illiquid!!!
After the merger/takeover, it's not going to help liquidity because it is going into the
hands of a few investors...
The only reason for the split is probably, mgmt is eyeing a dividend reinstatement, Less shares, less expenses. But that is not going to work because the reason most of us bought the stock, initiallly was the dividend. Those who haven't sold, by definition are still around and instead of people buying 10000 shares now will buy 1000 with less liquidity ...
Actually, if mgmt wants to reduce the float, they should probably wait till the stock goes to $2.00 and do a 1:5 split, after the dividend is reinstated...And I hope when/if the dividend is reinstated it will not be something like 0.0001 cent
BTE, CPG have some 600m/s/o and the trade on an average day some 2m/s/d on the Canadian side...
SGY today and most days trades less than 1/2 m/s/d.
So splitting the shares will bring the average dayly trade to some 40000; frankly a joke!!!
Paul,
Enough with the gimmicks.
Just run a good company and manage the debt: for the good of all of us...