Advanced Container Technologies Inc (ACTX)

[Beek]

Correct. A much better option is retiring shares. It's seen as a move of goodwill from company to address without upsetting existing framework. But if that's not an option then there's other tools in the kit like a Reverse Split.

A R/S for the right reasons can simply be an across the board 1 for 100 (example) where each person gets 1 share for every 100 they had before. Share price gets multiplied accordingly by 100. So if they had 100 shares at $.01, R/S happens, and now they have one share for $1. No change whatsoever to value to shareholders. The bad stigma attached is because less-than-honest companies watch as their pps falls and falls and falls, they do a R/S just so it can continue to fall... which is all too common in stinky pinkies.

But when a valid, honest company does an R/S it can bring 5.164 Billion shares down to 51 Million shares, put the pps at $1.80 (today's price) and gain ALOT more visibility/incentive/etc for more investors to buy in growing the pool. Thus a R/S happened, nobody lost value, but it increases value for everyone by reducing share structure, increasing visibility, increasing possibilities for uplisting, etc.