From town hall 6-27 Titled, Is it time to reduce the A/S
QUESTION:
Are there plans to reduce the authorized shares to something like 7 billion? This would greatly increase investor confidence without costing the company any money but would leave open the opportunity to raise substantial additional monies should the company need it (over half a million dollars, propbably a good deal more as the share price would undoubtedly rise in response to such an action).
RESPONSE:
There are no plans for a reverse split of the stock. We do not feel it is in our shareholders best interests at this time. There is sufficient additional authorized stock to accommodate mergers and acquisitions if required.Please note that our acquisitions are very select, and our track record is that we do not make investments lightly. Our acquisition objectives are to ensure that we acquire companies only when they fit with our strategic objectives, and normally ensure that we buy at a discount to a fair evaluation. We are careful to ensure that our decisions will add value to our entire shareholder base, and not have any dilutive effect.
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