Sunday, August 14, 2011 11:11:17 AM
Forwards splits are marketing ploys for companies attempting to drum up more stock sales. Forward splits lower prices without initially negatively affecting share-holder values.
If you have not much more than a few hundred dollars to buy stock with do you go for one share of Chipotle Mexican Grill, Inc. @ $317+ per share or with something cheaper so you get the most for your money?
Companies do keep a keen eye on their stock sales. If sales slow down a forward split is an option provided the price per share is too high for potential investors.
In essence, the stock market is a beauty pageant. The more attractive the stock appears to the eyes of investors the more likely the company behind the stock will see people by their pieces of paper.
It's a little hard to believe it, but apparently somebody at Portage Resources, Inc. believes they have a boat-load of golden-ripe bananas.
For demonstrative purposes, if Portage Resources, Inc. have their way the total number of POTG shares will be 4,452,000,000. The US population is somewhere around 311,986,477 (changing rapidly each second).
Do the math and potentially that's 14.27 POTG shares for every single man, woman, and child in the United States.
If POTG was in the business of producing boxes of toothpicks that'd be just great. I don't suggest you can pick your teeth with shares of POTG in the future, use floss for that.
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