Lowly Worm Corporations common share price is currently around $5 per share. The board of directors have
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Lowly Worm Corporation’s common share price is currently around $5 per share. The board of directors have decided that a more respectable share price level is around $20. The board also realizes that in the company’s current circumstance, share price is not expected to increase and cannot be increased other than with a reverse stock split. What size reverse split is necessary to increase the share price to the desirable level?
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Related Book For
Financial Management And Analysis (Frank J. Fabozzi Series)
ISBN: 9780471477617
2nd Edition
Authors: Frank J. Fabozzi, Pamela P. Peterson
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