100% agreed. PPS and overall market cap would be much higher at 2:1 or better yet, eliminate RS altogether. Everyone involved here (and restricted shares) would be so much better off short and long term....imo.
It seems a bit of a balancing act. They want as much room as possible to issue shares for acquisitions. At the same time, they need as high a marketcap as possible to make their acquisition strategy most effective.
I actually think that's what the company is thinking. Initially their plan was to eliminate some of the very large shareholders thus the R/S, then somebody told Stephenson that if you do a larger R/S you can run the price per share much higher with a smaller float. But that backfired when they realized how upset that made us shareholders and so now they are possibly doing a smaller R/S. Just my opinion!
News 
Market Data 
Discover 
