(Total Views: 566)
Posted On: 02/08/2017 5:44:31 PM
Post# of 41414
Re: USGL investor #30325
IMO, 10 million share structure is very dangerous for a few reasons:
1. as soon as BLTA is certified, a company could perform a hostile takeover via buying all outstanding shares. 10 million share structure means that us current owners would have such a small stake in the overall share structure fate of the company would all fall to new shareholders if they want to sell or not. I mean, BLTA would have a brand new part 121 certification, that is a valuable asset IMO.
2. Price could be manipulated easier--smaller share structure means smaller amount of shares can move the price up or down.
3. Even at an R/S that high, they can't uplist yet. NYSE requires a $2 per share minimum and NASDAQ is $4. OTC requires $0.01 per share. IMO, there would be no benefit to R/S to that small a share structure.
IMO
1. as soon as BLTA is certified, a company could perform a hostile takeover via buying all outstanding shares. 10 million share structure means that us current owners would have such a small stake in the overall share structure fate of the company would all fall to new shareholders if they want to sell or not. I mean, BLTA would have a brand new part 121 certification, that is a valuable asset IMO.
2. Price could be manipulated easier--smaller share structure means smaller amount of shares can move the price up or down.
3. Even at an R/S that high, they can't uplist yet. NYSE requires a $2 per share minimum and NASDAQ is $4. OTC requires $0.01 per share. IMO, there would be no benefit to R/S to that small a share structure.
IMO
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The fault-finder will find faults even in paradise. -Henry David Thoreau
