United Consortium Ltd. (UCSO)

[amadeus]

given this is a 1000 to 1 R/S, I can't really see any legitimate reason, honestly. They are shrinking the float and OS to nearly absolute zero. Having a zero float is exactly the opposite of what they said they wanted to do in the PR :

"to preserve an orderly market for its securities. "

of course its absolutely not going to do that. there will be a huge spread between the bid and ask, and volume will be next to zero because no one will be interested in trading it.

So it will in fact create a 'disorderly' market.

They have the means to do whatever they need to do structurally to the shares which are not in the public float. Cancel them if they like, or some significant portion of them. Companies do it all the time.

So with a float of lets guess, maybe 4,000 to 10,000 shares they expect to have an orderly market? I've never seen anything like this before. ever. And I've seen hundreds of reverse splits over the last decade. never one like this