RE:RE:RE:To all Nervous Nellies and Worry WartsI get that mas , but the issue here is not bookvalue of shares but the float/sharecount.
The share count decreases ,reducing fluctuations .
masfortuna wrote: Wild the reverse split doesn't help the metrics. It's like having 10 dimes and exchanging them for 4 quarters. The marketcap remains the same. Buying back shares, on the otherhand does increase the value of the company. Here is an analogy: I have 10 shares worth $1 giving my net worth to be equal to $10. If I remove 2 shares I will now hold a total of 8 shares thatt are still together worth $10 dollars. My shares are now worth more. When Baytex was trading at $50, there were 130 million shares o/s. At $12 per share we get the same market cap because we have 550 million shares o/s. If they can get the o/s to 300 million shares over the next 5 years (50 million per year) we may see a sp much higher than $50. I hope this helps.
Mas