RE: RE: RE: Too many shares outstanding!!!!I have to disagree with your proposition regarding a share contraction. While I do not disagree a share consolidation is appropriate, I disagree that now is the time. Not until PLI demonstrates its capacity to generate earnings on an ongoing basis, should this option be considered. Otherwise we'd be shorted right back down to penny stock status.
Let the shares turn over and the day traders have their fun. The fundamentals are falling into place and the share price will take care of itself. At such a time as there's a history of consistent earnings and a demonstration that guidance is reliable, then strategies such as consolidation can be considered.
Good luck,
Felco