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Gold/Mining/Energy : Copper Fox
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Panthergirl
To: louel who wrote (9911)3/10/2016 7:11:46 PM
From: mudguy1 Recommendation  Read Replies (1) of 10654
 
I agree, it seems inevitable, but you are right they could do a 10:1 without a vote. That would bring things down to a more reasonable 40M shares and give them a chance to cash up to advance their new properties and continue work on VD.

Who knows where the sp goes after a consolidation, but most of the time it goes down. With 400M shares and basically no working money, they are not in great shape to move forward.

Of course, the company could easily decide to purchase yet another property too. Since 2012, they have been steadily building a portfolio.
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