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Gold/Mining/Energy : Copper Fox
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To: dsikorsk who wrote (8769)12/18/2014 12:50:48 PM
From: louel3 Recommendations

Recommended By
Hog Head
mudguy
Theotokos

   of 10654
 
Buy now ? Not ! What I said earlier about how they live off other peoples money. When share count gets to high, roll it back change the name to get rid of the baggage. Then start all over again like every thing has always been perfect. For the New it is ok, and existing gullible shareholders buy it.

The ones who have already been badly burnt, not so much. But they really don't matter. By the time company reorganization comes it has already spent a fair chunk of the original investors money. I'm not meaning to be nasty. But from a business point of view who survives on public funding. If you don't think in such manner you cease to operate.
Would Elmer do it ? Boxxer not only doing a roll back with less shares but also name change. Now to be known as ExGen Resources.

" Elmer has constantly said that is not something that the company would consider given that it has no impact on the company's value and the only people that would make any money would be the lawyers"
To that I say, Consider the statements. "You won't believe the numbers or Negative 32 cent copper"

As Mud said Lawyer cost is minimal. Companies have retained lawyers. And roll backs are simply routine form filings. The CFO would do 90 % of it Lawyers would basically read for legalities and rubber stamp.
And no the overall NAV does not change. What does change is the lenders perspective. When they fund a PP. It is far easier for share price to rise, so they can recover their money with a 40M share float than it is when 419M shares are outstanding. There for it is much easier to raise capital with a low share float .


So it is good for the company when there's a need to funds, Could be very beneficial for Ernesto. Just not retail shareholders.

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