GREY:RNKLF - Post by User
Comment by
VENManon May 13, 2020 2:22pm
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Post# 31023611
RE:RE:RE:Share Price
RE:RE:RE:Share PriceYou do realize that if they do a roll back the number of common stock outsanding would also be reduced. I don't have a problem with this. For you the share price would have to go from $5.00 to $6.40 now to break even. On a 10 to 1 roll back the outstanding common stock for RNX would go from 600 million Shares now to only 60 million shares. This would not stop the company from buying back shares. Nothing changes, A 50 cent company with 600 million shares outstanding has a Market Cap of $300 million and a $5 per share company with 60 million shares outstanding has the same $300 million Market Cap. All IMO!