LIQUOR STORES NA LTD 4.70 PCT DEBS T.LIQ.DB.B

RE:RE:RE:RE:RE:RE:RE:RE:RE:Capex

[DoubleOhDiv]

I did read from the start and I do understand all that. 

However, if they do not split adjust the div/share then we are talking about a div cut or increase. 
That wasn't the point the OP was trying to make. 

All he was saying is that a 2 for 1 split would create a lower split adjusted div/share. 

Anyway I think this is all moot because it would probably be a very bad idea to do either a split or reverse. 
The share price is not high enough to support a split and reverse splits are almost always treated negatively by the market.