Loading ...- I would have to think about all that. Like Great Panther it its .10 cents/share, a 1 for 10 shares makes the price go up and 10 times less shares. You turn in 10 old .10 cent shares and get back only 1 share worth $1/sh.
I was talking about the opposite, like a regular stock split like if the stock is expensive like $1000/sh a 20 for 1 split would make the $1000/sh stock a $50/share, from $1,000/sh more affordable looking attracts buyers for a new up trend. And you have 20 times more shares.
So the US Dollar is too cheap at $1 each, doesn’t buy much, so a $20 for $1 split would make the $1 worth $20. GPL is like .10 cents a share, has no respect its so cheap, they want a 1 for 10 to make the stock $1/sh from 10 cents. Has more respect.
In other words, the penny stock $1 bill would have $20 of purchasing power and get more respect.
Plus it would just be more practical for coinage to have 20 times more purchasing power. Plus again you won’t need 100, $100 bills, 100 pieces of paper to count out to buy a lousy $10,000 used Toyota. You would only 5 pieces of paper worth $2,000 each. Keep in mind like decades ago we had $500 and $1000 bills for big purchases.