RE:RE:Some people just don't get itNot exactly accurate - Title III was suspended but all US presidents until Trump let it come into effect April 2019 This is the specific part of the act that allows US citizens to sue those 'trafficking' in confiscated assets for compensation - plus a mechanism for triple penalty.
Contrarian333 wrote: Noise. Helms Burton was in effect when the SCN share price was $17 as well.
As far as a reverse stock split goes, the argument from management is that the higher nominal share price will allow for institutional investors to participate. While this might be practically true, the mere fact of a consolidation will not result in more interest in the Company from these investors IMO. Extraordinary cash flow and what is done with that cash flow might first draw in the more risk tolerant hedge funds and take some of the stock out of retail hands. However, traditional institutional investors will be the last ones in - at higher prices. At that point and time, depending upon the price, etc. it may make sense to consider the consolidation.