GREY:RNKLF - Post by User
Comment by
roberto146on Oct 11, 2019 10:37am
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Post# 30221753
RE:When an RNX reverse split should be considered
RE:When an RNX reverse split should be considered"Too often companies rely on reverse splits as a means to increase market cap"
Market Cap is neutral in a consolidation. Perhaps you mean increase share price.
Historically, consolidations do not have a good reputation because the management policy of inflating share issues continues, and share consolidation is seen as a method to conceal excessive offerings. I have seen examples where the float is the equivalent of trillions or quadrillions of shares and the price is still a few cents a share, though the current shares number, say, 10 million.
The best way to increase share price is to perform well.