People always say a reverse split is bad. However, there are only three ways for the NSAV share price to get above four dollars and the stock eligible for uplisting to the Nasdaq. (besides the other things it must do, ie get DTC compliant, make dividemd shares tradeable, have three years of audited financials.)
1. Share price rises on it's own to over $4, which means a market cap of $28 billion. This will limit share price to the single digits probably forever.
2. Company buys back shares, increasing demand, making share price rise. This will probably get the share price out of the single digits, but cost the company a lot of money.
3. Reducing shares via a reverse split. This won't cost the company any money, but shareholders could lose a lot of value because the proportion of the split may not hold value wise. None the less, it could have the effect of jacking up the price to anything desired. Instead of 7 billion, we might be reduced to maybe 700 millioin. a 10 for 1 reverse. Which would make the share price 10X higher. However, we might lose all those shares and then the share price be only 12 cents, if done today. Then what?
I think all would agree that a reverse split is a horrible option. That leaves doing nothing, or buying back shares. My preference is if at all possible, the company should buy back shares. That would get all of our shares up, and since NSAV is going to have boatloads of cash they did nothing except send emails out to get, should do all the long suffering shareholders a big favor and start buying back shares ASAP. Will they do it? I doubt it will happen for quite some time, but I can dream.
