Casino / Ian / Super_Coupe,
On your Ian blog you wrote:
NASDAQ: Everyone knows that it takes a $4 stock to get to NASDAQ. Management believes that we will get there without a reverse split, but I wouldn’t completely count out a 2:1 reverse. I would be for the 2:1 split. In my mind this is a NASDAQ quality stock and the only thing keeping us from it is EGMI’s share structure. I believe EGMI will trade at a much higher multiple with 35m shares out vs 70m shares out simply because of the scarcity of shares. I’ve made my opinion known.
I am admitedly a little fuzzy today so hence the confusion.
You state you are for a 2:1 Split, which would halve the stock price & double the shares, yes?
But then you say you would like to see the shares half of what they are (35M vs. 70M). Isn't THAT what a reverse split would create (along with the stock price doubling) as the company suggests to get near the $4.00 mark to get on the Naz?
I know you are a sharp guy & I don't profess to be all that, so maybe the vodka from last night is still clogging the system so can you please tell me what it is I am not understanding?
Thanks!
