Masterofalltrades, an excellent post! I believe we may have a few naked or straight shorts here getting worried with all the good going on with the company. Hence, the R/S being the weekend topic of conversation. That's really all they can talk about for this HUGE growing operation.
Bottom line is there should not be a real rush to R/S if at all. If this company indeed does $200-250+ mil in sales next year and only has 550 mil o/s, then I doubt seriously there will be a need for one. Why wasn't SIRI part of a R/S? They have over 1 bil shares and have traded around $10 not long ago. The stock has been in multiple $$'s with much less revenues than I personally expect within one year from CHDT. The CHDT CEO and other insiders are right there with us side by side. In fact more so with their control of shares.
The buyback approach is what I would pursue as a CEO. That in itself would send a STRONG signal to investors that we have too many shares out and we are going to retire say 50% within 2-3 years as an example. A long term plan! That's what really needs to happen IMO. This company will most likely have some funds to do that + the CEO and insiders could sell some of their shares and take a portion of that money to buy stock on the open market to retire shares or like you say, retire some of their own now!
Finally, I was involved with a R/S on a very young startup ticker JCOM a few years back. The stock did a 1/4 R/S to $2 and ran to around $70 in about 1 year. Then did a 2 for 1 regular split. I made a few $'s on that one. So if you're with a strong growth company, R/S splits can work if necessary. A big % of OTC stocks are just great ideas with no finances. I just personally don't believe in a R/S approach since being a former officer of one of the worlds largest insurance brokers for many years.
Hopefully and I expect, the CEO will do the right thing down the road. In the meantime, I plan to continue to see strong company and PPS growth with CHDT. That's why I invested in the stock.
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