A dividend is out of the question imho because it would only be as you say, accounting.
We need the effect that a split would produce, i.e. for their nakedness to be shown front and center.
Also 280 million shares outstanding is a bit much for my liking, not practically but psychologically to potential shareholders, so a reverse split would kill two birds with one stone.
Directors while having the final say, need to be informed that some shareholders would be in favour of a split.
I wonder what would be the potential costs to the company in doing a split, i.e. the mechanics as opposed to share price. Anyone have any idea?