Split 5:1 Unbelievable !This is unbelievable split 5:1 that is so unfair !
I agree the reverse split will not help and the average shareholder would not benefit from it.
It is pointless telling that one of the reason going for the consolidation is reduction of Shareholder transaction costs.
With CIBC you pay 7$ per transaction and it doesn't matter the price or if you trade 1 mln shares or 100.
Some payed a lot for this in the past eg. 30 cents per share and with this split we would need to see price 1.5 $ a share, just to get their money back.
And some payed 60 cents, can you see 3$ price for EML ?
It doesn't looks like we'll get there for very, very long time if at all.