 The board expressed concern that the transaction might be viewed as coercive, but after review and outside consultation decided the transaction was fair to the affected shareholders.In December 2006, WSI conducted a 15-for-one reverse stock split, further reducing to about 50 remaining shareholders in order to provide a tax advantage as a Subchapter S corporation.Again, all shareholders without enough shares to exchange for a post split share were required to cash-out their stock.