The real financial suicide is the rollback...
A post from Saracen #1001
I think that Robinson brings up a very good point when he states:
"....the reality is that there is now a real risk of losing the NASDAQ listing, and because we have gone through this before, if we simply try to push the price up over $1 through buying up the stock, the "pros" (i.e. short sellers, traders, etc.) will work against us, and take advantage of the predicament to sell into our buying. This will make it very difficult, and expensive, to try to maintain the listing that way."
To simply try to boost the stock up over $1, for the sake of preserving the listing, would be financial suicide.
Saracen
What is to stop the short sellers from coming in when the stock is rolled back? It will be at 1.50 to 1.80 and will have no support from the company until it is back to 1.00, the minimum for the Nasdaq listing. At 1.00, it is roughly .33 cents, pre split. Pretty cheap stock then isn't it? This current team in Calgary has had a year to come up with a plan ......I guess the plan is another rollback...The real way to keep the short sellers away and have people like loanshark 99 and the rest of the market buy the stock is for the company to DO SOMETHING to increase value. The clock is ticking....
VOTE NO....A ROLLBACK IS THE FINANCIAL SUICIDE.....
Btw..How expensive is a rollback to current shareholders? These are the people Robinson, Youell, Wilson, and the rest supposedly work for. |
