GREY:ALXDF - Post by User
Comment by
uncovereron Jul 04, 2013 4:43pm
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Post# 21589618
RE:CONSOLIDATION...................
RE:CONSOLIDATION...................Agree with you on the failings of roll backs especially in this period but that said I have read the exchanges with management posted here and have had my own.Management has not been clear on this issue and it remains an outstanding matter and no doubt one of the reasons why the stock is now on the bid at .025c.More clarity is needed on this matter.I have heard that the head of the Board of Directors is in the process of consolidating the shares of his own company on a 1 for 10 basis and there are far fewer outstanding shares ( but more debt) than Alexandria .In a way, how can you take this option off the table if your back is against the wall with no other.Let's hope that Alexandria based on their very positive results to-date and cash reserves has enough to get it through this challenging period.