Posted On: 02/16/2016 12:01:21 AM
Post# of 22940
Means myself and many many others I know are long and holding for much bigger gains this year!
Regards,
Bill McKay, CEO
Quote:
Several people have asked me directly if we are planning a reverse split. The answer is a firm No. We have been approached by many people who have encouraged us to do so and we have soundly rejected all discussions almost immediately. I learned a long time ago to never say never, but there are only a few circumstances in which we would entertain the thought of a reverse split. When the company is achieving revenue and when the company can, on a consistent basis release positive news and when we can show growth and value for our shareholders, we may consider a reverse split. But even then, we would only do so in order to provide us with a clear and immediate path to NASDAQ, AMEX or the NYSE. A reverse split at this juncture would only boost the stock momentarily and then the stock would free fall.
As I have told everyone, we are in this for the long haul. We are all aerospace guys and know that in our business it is a marathon, not a sprint. We will continue to exhibit patience and persistence and remain confident in our plan, our path and our goals.
Regards,
Bill McKay, CEO
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