|"People on a team must be happy to be wrong as right. If their ideas hold up under strong (but fair) criticism, then great, they can proceed with confidence.|
If their ideas are rejected, with good rationale then they have learned something.
A healthy team is made up of people who have the attitude that it is better to learn something new than be right."
Hear Hear, I love this JDub!
Well the answer to you CSCO question is, without research, considerably more. Back in those days companies did forward splits like changing their socks. You see, market demand for US stock shares from baby boomers and the rest of the world was going through the roof and they wanted to make more shares available while keeping the share price "reasonable for the average bear". Not like Warren buffet (lower case intentional), who has never split his berkshire hathaway stock and that is why it is well over $100,000 per share.
This is what baffles me to a degree with IVS and their reversal. Valuations were correctly pointed out to be the same forward or reverse, we know this, so why the need to consolidate (reverse)?
I was told the reason was because the stock needs to be above .05 in Canada to do a capital raise, yet in the subsequent PR it states the need stems from possible future financing's. I stipulate to you, and all that neither of these are applicable any longer.
The share price looks pretty good above .10 and I think that, as was so astutely pointed out in an earlier post, "These Guys are not stupid". I believe that they have come to the knowledge that these bulk samplings will more than pay for themselves, in fact, will make the company immediately profitable with no need for any additional financing in a "seed money aspect".
JMHO........I bet no split.....any takers? .........I will still be happy, even if I am wrong.Thanks for that post JDub!