is ASICMINER allowed to write a motion proposing a stock split? I believe a 10:1 stock split would greatly benefit the company.
Shares are trading at almost 5BTC right now, which is around 450~ USD per share. This is a great sum of money. The next best option are the TAT.ASICMINER shares which are 100:1 but incure a 5% fee.
A 10:1 split would mean shares would be at 0.47/share, which will be a much more acceptable entry point for many newcomers.
The trading of stocks after the initial distribution doesn't benefit the company at all, unless they plan to sell.
Companies are owned by the shareholders i.e us. So anything that benefits the shareholders should be considered. That's the starting point of any discussion.
Would a stock split benefit the shareholders? Probably yes, but I couldn't quantify by how much.