This company was liquid before the split, because of the available shares in the millions, and just before the split there was massive dilution where mr lenfest took the money owed to him in shares instead of payment. Take a look at that. That also decreased liquidity. The bottom line is that the split and subsequent minor purchases decreased the liquidity immensely. Your statement of a 3/1 forward split would cause share price to be 3.33 cents, yet if there are only 10,000 shares remaining at this time then 30,000 after the split, at a price of 3.33 you may have a few more taken off the table, but not nearly enough shares available for liquidity or for interest to be gained by the buying public. So if you want liquidity go ahead and do a 200 for 1 forward split, but that would reverse what the company did, and as Joe stated they did it for a reason...Now just what could that be?? Has nothing to do with shorts, all shares consolidated with no problems. MMMM now why would they do that?? I'm sure they know exactly what they are doing, and yes I believe they will keep it secret until announcement of execution.
The future will tell, but no reason to buy at this time, there is no guarantee this company is going anywhere. Privatization makes much more sense then paying a dividend. Look at how many billion dollar market cap companies still do not pay a dividend, in order to better facilitate growth, which is more important for the shareholder than a dividend on a dying company.
AI
