Golden Eagle Int. (MYNG) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Golden Eagle Int. (MYNG)

MYNG 0.0700

+5.7%

Feb 21 4:00 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: john who wrote (14480)	11/2/1998 8:51:00 AM
From: Kool Guy	Read Replies (2) of 34075

Finally, lets assume in a worst case scenario that the 200,000,000 shares outstanding is correct. Scenario 1 - BD says "theres no gold in them thar hills" - This issue of the 200,000,000 is unimportant. This stock will tank!! Scenario 2 - BD says "theres BOATLOADS AND BOATLOADS of BEAUTIFUL GOLD IN THEM THAR HILLS" - If this is the case, and ONLY if this is the case, GE can implement a reverse split to reduce the shares outstanding. Now I realize that everyone is going to jump on me for saying the "R split" words and forever hold it over my head not unlike the thrice cursed sword of Damocles, but hear me out. A "R split" could work if investors feel VERY positive about the company. If BD said GE had a world class deposit which could be economically extracted, I would be very positive about the company. If for some reason the price dipped due to a R Split, I'd buy it up in boatloads. Finally, the outstanding float would be diminished and the influences of supply and demand could work to the investor's advantage. KG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next