RE:RE:Board meeting Vote on item 4 - more Consolidation up to 1/18If they vote to consolidate then I have about an 80% chance of buying those new consolidated shares back at about 25 current cents apiece, unless the outside stock vultures get them first.
My current shares are worth not risking a consolidation for a likely price devaluation.
By the way, if Trent consolidates and sets a new share price of say $5, do you think he will offer our new shares for that $5 or is he more likely to discount them to $4.50 or so to some new non shareholder institution - thus undercutting the new consolidated share price we endured to get there.
It is much better to earn revenue to raise our share price. Consolidation does not earn us even one cent of new earnings or revenue - but we need to grow our income to raise our share value in the market.
Share consolidation is pure financial engineering - nothing more than a way to sell discounted shares to people who do not currently support FCC.
We shareholders have been supporting our company for years now unlike what financial institutions would do.
Lets work on increasing revenue instead of trying to gain a financially engineered consolidated share price.
That is why I voted No to Proxy vote item 4.
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