Sunday, October 02, 2016 7:22:33 PM
For larger ratios, like 1 for 25 (or 1 for 25.1, as NTEK recently did) or more (like HIPH's two 1 for 1000 RSs) the company reduces the AS. Nott by the same ratio (for example, NTEK did a 1 for 25.1 RS and in parallel reduced the AS by a factor of 4). It is usually done as a sop to shareholders to take the sting ~OUTT of an RS. It also somewhat improves market perception by reducing the AS.
I expect sumbuddy better wake up Recliner Timmy and gett him to read this post and cutt the AS by a factor of 4 or 5.
Unless he's really expecting a 30-fold increase in the OS coming. That's the only reason NOTT to reduce the AS.
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