First- TEVE has around 700,000 shares to share in dividends and to calculate market cap.
If few shares are such a good thing all the major corporations would keep doing reverse splits instead of the other way around
As well if you like fewer shares how aobut another rollback of 1000 to 1? Then there'd only be 55 shares to trade except of course most would lose their shares or a portion of their shars as fractional shares are not issued. Or better yet, 100,000 to one. Gerry would have 600 and the rest would have half a share if they could have half a share. Ridiculoous to be cheering having only 55,000 supposed shares available for trading.
Second - and why is having very few shares a good thing? You want liquidity to attract investors. They want to be able to buy and sell shares at will. In that sense this is then the worst company for investors in the world. What matters most though is earnings per share and price earnings ratio.
So if they made $35000 or something last quarter that's around 20 cents a share on an annual basis. (Based on 700,000 shares).which is the number of shares that would receive dividends. And at say $50 a share (around teh current ask price) that's a P/E of 250. How is that atrractive?
Third - every private company has fewer shares.
AI
