Share count on any Exchange does not equal value.
This is a thinly traded micro cap, they happen to have only 56? million shares, if it where to become a popular stock at this value that is hardly enough shares to offer liquidity. I have no way to know the need, or the difficulty they have finding private investors, but I imagine they can be found. I don't think increasing the share count too add value will hurt anything from a traders point of view, speaking of traders,,in a better oil market this could be a two dollar stock right now, a little extreme perhaps but so is a micro cap oil service IPO in this climate. Maybe they'll end up a buy-out target themselves, who knows. It's hard to understand the question at this point, had to be addressed because a stock annalist asked it I guess.
The more value they gain under the radar the better off we'll be.
