Assuming post-split of 1 for 250 it would be in the neighborhood of $5-6 Stock. I think its important to look at this through a wide-angled lens because of course $5 stocks can also become $150 dollar stocks too..
Here are some of Eco's biggest problems/challenges they have faced in the past.
can they possibly be solved now?
- lack of market acceptance/sales in the early stages (huge distribution big box should solve that)
- toxic funding using shares to raise money
(I think by changing the share structure they could bring in private placement money/institutional money/and solve the toxic debt problem for good)
- the company has spent lots of money testing and marketing the product and they spent lots of money for certifications-to pay off past financings and ECO has always had high overhead for the amount of revenues they have with warehouses/employees etc.. and they didn't have the sales to run it profitably but imagine if they were able to get $100,000 in sales in 1,000 stores that's 100 million in sales. I understand your initial concern and I would like to hear more about the strategies behind it all and I would prefer 1 for 50 or 1 for 100 split but it works both ways how many shares will be available for those who want in on this?
500 million / 250 = only two million shares (this would open up to a much larger market of investors who invest in small-caps and it would get them closer to becoming a big board/major exchange stock (still lots of guesswork and speculation but if they got big-box finally I'm a shareholder in that so lets hope they do it right and early shareholders of this recent development become rich :o)
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