RE:RE:"Financial Engineering"A stock split (whether regular or reverse) is in theory a maneuver that has zero effect to the price of the stock. If a company has bright prospects, it usually amounts to nothing other than a gimmick to somehow "enhance the prospects for shareholder value". If a company is engaging in a reverse split to mask poor financial performance (i. e. a slow slide into bankruptcy) then it will only have a momentary effect to stop the pain beffore the shares start sliding once again.
In NCP's case, we have already bottomed out, the PM market (and NCP's share price) has started to turnaround therefore this move is not one done out of desperation. If anything, management is trying to shape up a share structure that got too bloated. Blame the bloat on a weakened PM environment for the past few years post-COVID.
I think a 1:200 is a bit too excessive. A 1:20 might be appropriate. For a junior of our stature and history, there is nothing wrong with a share count in the 100 to 200 million range. But, I get the desire to have that $1+ share price so as to not be a "penny stock".
Let's remember, Electrum controls this stock. If they believe this is best for the company, rest assured the vote will pass.