Coastal Capital Acquisition Corp (CCAJ)

[twitums]

I believe a 1 for 30 stock split is needed. The major area of potential cost savings from doing a reverse/forward stock split split comes from reduced regulation requirements, should the company have less than 300 shareholders. Sarbanes-Oxley regulations require companies with over 300 shareholders to comply with the increased regulations under the act. If the company is small enough, a reverse/forward stock split could reduce the number of shareholders enough to save the company a significant amount of money.