OTCPK:VGIPF - Post by User
Post by
19Weaselon Dec 22, 2013 5:26pm
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Post# 22031695
Another Option
Another OptionThe reverse stock split is a horrendously terrible idea.
I’d much prefer either the current BOD or Front Four (whoever ends up being in greatest control) to sell non-core assets and use the proceeds to reduce the float by buying back stock (i.e., paying off debt, with the ability to hold the dividend at its current rate since there will be a smaller overall payout to shareholders). This will (yes, artificially) change RPL’s P/E ratio to the good side.
Rick and Zachary can throw their weight around all they want, until the Market reduces its ‘hate-on’ for the name, the stock price will be held down no matter what Jabroni is at the helm of the ship.