RE:Light at the end of the Tunnel I hear ya...
but...
I am not in favour of adding 50-100m shares at low prices either.
The story is too good, the opportunity too immense, and the need too great.
Where is the media story? The reach out to the analyst community? The all important US investor ( 10X the population, 25X the appetite for these type of stocks)
Any listing upgrade must be accompanied by the willingness and the capability to tell the story.
It's a fallacy that all reverse splits result in a decline in market cap. When you magnify the potential demand by 25 and you are already at a rock bottom MC to begin with, you have only one direction to move ( hint: it's not down)
To do nothing is to allow "late to the game" buyers to take advantage and steal future profits ( ie upside) from loyal long-timers who are unable or unwilling to invest/ tie-up more capital ( something option and other "goodie" recipients are not required to do)
Time to lower the cost of capital unless Baxter is ready willing and able to accelerate funding in the short term.
MM