CAVU Resources Inc (CAVR)

[RSuave25020]

That’s good to hear that there is. I reverse split at this time. I checked with chat GPT about consolidation and there are two other ways of reducing shares and this is the question and reply.


Is there a way to reduce shares in a company that can consolidate shares other than doing a reverse split ?


Yes, a company can reduce the number of shares without conducting a reverse stock split through a process called a share buyback or share repurchase program. In a share buyback, the company purchases its own shares from the market or existing shareholders. This action effectively decreases the total number of outstanding shares.

Another way to reduce shares is through a process known as a share cancellation or retirement. In this scenario, a company can retire or cancel a certain number of its own shares, essentially removing them from circulation.

Both share buybacks and share cancellations are means of reducing the number of outstanding shares, providing potential benefits such as increasing earnings per share (EPS) and improving stock price metrics. However, companies need to comply with legal and regulatory requirements in their respective jurisdictions when implementing such actions. It's essential for the company to disclose such actions to shareholders and stakeholders appropriately. If you have specific questions about a particular company or situation, it's advisable to consult with a financial advisor or legal expert.

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In my opinion I don’t see the company buying back shares and it would be great if they cancelled a chunk of shares in some form or fashion but the trend has been to reverse split. I have not seen a company lately buying back shares other than Nokia and their share price is still falling.

The reply you received from the company said they are working on a solution, while the letter put out by the company stated a solution was already approved by the board of directors, so we shall see.

Thanks