RE:RE:New Press Release - Maritime Seeks Shareholder Approval for Potential Share ConsolidationIt's a higher ratio than I thought necessary but it is very much needed .
Share consolidations are negative if your assets are moose pasture but postive if you have the assets and penny traders keep the share price from advancing, as is the case here.
Plus, we can now attract buyers of our shares who are longs rather than Momos .
Firefky did a 15 to 1 rollback and its market cap increased subsequent to roll back, because it had the asset base .
Maritime has 6 shareholders as mining companies and investment houses holding close to 50% of the shares outstanding.
They would have been consulted before this decision was made, otherwise the motion would be downvoted.
That nails down the outcome as a desirable way to bring our market cap in line with our asset base and its potential .
GLTA