Companies here in Australia undertake share register consolidations all the time to reduce the total shares and without payments to any shareholders and they retain their market cap and shares are simply revalued accordingly.
Instead of a company having 1 Billion shares @ $0.10c provides a Market Cap of $100M
After consolidation for very 10 shares held it becomes 1 that with the same $100M MC is now worth $1 per share as an example.
$100M MC with 1 Billion shares = $0.10c per share
$100M MC with 100M shares = $1 per share
MC still remains the same.
The 90% is removed with consolidation that for LUNC is removing it via instant burning.
NO ENTITIES TO FINANCE ANYTHING and NO PAYMENTS TO ANYONE and NO BUY BACKS APPLICABLE.
Just a revalued share or in this case a revalued LUNC from the reduced supply of LUNC that would burn off instantly by 90% and only leave 10% of the 6.9Trillion supply of LUNC.
6.9 Trillion therefore can be turned into 690 Billion - based on for every 10 you hold it now becomes 1.
At a later date another 10 for 1 can be done again within 6-12 months.
690 Billion therefore can be turned into 69 Billion - based on for every 10 you hold becomes 1.
At a later date another 10 for 1 can be done again within another 6-12 months
69 Billion therefore can be turned into 6.9 Billion - based on for every 10 you hold becomes 1.
NO ENTITIES TO FINANCE ANYTHING and NO PAYMENTS TO ANYONE and NO BUY BACKS APPLICABLE.
If the code and technical side with the devs can do this on and off the blockchain it would be far more simple and faster pathway to dramatically reduce the supply.
Can the devs actually do this ?
Is there some underlying issue that prevents this ?
What resources if any would be required by the devs to implement ?
Devs are welcome to message me direct.