I for 10Given the $ value of business this company generates, and especially the $ level of profit, I am an enthusiastic fan of consolidation. It's well past time to do SOMETHING DIFFERENT.
There is no good reason for the old cliche re reverse splits. The business is still the same. Whether I hold a $10 bill or ten loonies doesn't change much. I rode Endeavour Mining through a reverse split and it was a very positive experience.
That said, I still maintain that this company besides upgrading its business needs to buy back stock from disgruntled shareholders. Hopefully, once the debt situation is stabilized that will become a priority...
When Tidewater gets around to offering to take out the minority shares in Renewables, having a stock price in the $6 or $7 area should be a more attractive option, cosmetically. Doesn't much change the fact that TWM will still have to make good on the original $15 issue price for Renewables. Or More.