Regarding the R/S yesterday a Colorvoid member of BP asked Rich Delgado (Shareholder relations) what were they thinking in regards to that possibility.
They are thinking potentially of a 10 to 1 R/S to bring the price more or less similar to what NSM once had... that is $18-$20 mark and 110 million shares... but we still need to have some more news presented like results... potential UPB deal..etc
The good is that major access to larger funds would be achieved and a more controlled share amount.
Of course NONE OF THAT can happen until it is announced and approval vote. Just so everyone is aware of what they are thinking...