RE:RE:It appears to be only miner in red AGAIN Heywood_Silvers wrote: I actually agree with you on this one. No company (in any industry) should have over 1 billion shares outstanding. At least a 1:3 consolidation should be considered. But, there are many dimwitted individuals who fashion themselves as "investors" who don't understand the simple math behind a share consolidation and once it happens they have to sell what they believe are "profits" (actually phantom profits due to the consolidation) which has the ultimate effect of driving down the share price and market capitalization. This is why you usually get pushback on the idea of a consolidation, but most of us probably realize one is needed at this juncture.
Wow. Well i sure hope you don't "fashion" yourself an "investor" with that math and investing observation. Of course it doesn't matter mathematically. At best, there is a psychological "phantom" at play. The "phantom of the stock market" thinks a $12 stock is worth more than a $4 stock. It's not. Without considering the share count, it's 100% wrong to compare. Assuming all else equal, a 1 billion share company trading at $4 is worth exactly the same as a 333.333 million share company trading at $12. Both are worth $4 billion. 333.333x12=1000x4=4000. Simple. Having a billion shares has not held back Microsoft, nVidia,Amazon Apple,Tesla and so on and so on. Surely you get this and are just venting frustration about the low stock price.