Post by
javaman12 on Feb 12, 2023 2:39pm
My Consolidation Decision..
After due consideration, I decided to vote against the 10 to 1 consolidation with my million share holding. It may not make any difference since corporate insiders may hold the majority position and most retail shareholders may also choose to support them.
I decided that it was not in the best interest of Rockcliff shareholders to support anything larger than a 3 to 1 consolidation. We were not given that option.
After all, even a 35 cent stock (10 to 1 consolidation) is still considered a mico-cap stock. If the company wanted to appear larger and more appealing to a larger investment community, then the roll back would have had to be 100 to one! (a $3.50 stock)
I can't take their proposal seriously if they don't even use the appropriate language!
If we had been given some guidance as to the possibility of a genuine mining proposal, then I might have supported their proposal. But management has told us absolutely nothing, in this regard.
Endless drilling programs will only lead to further share price dilution which no Rockcliff retail investor should want. They need to find a mine and the company should now focus primarily on getting this done, in a prompt and timely fashion!
It may be that they may be holding out from making some fair mining deal, in the hope of getting a bigger, longer term payout for their shareholders, over a much longer period of time.
Many of us may not be willing to wait another 10 years for Hudbay to come to the table.
They need to make some reasonable compromise now, to start a mine!
That will raise the share price. Explore later with the proceeds from mining!
And the best way to achieve a $3.50 share price is to become a real miner!
This consolidation issue must be settled and soon! Otherwise, the share price will continue to languish.
They have stalled any present upside in the share price with this incomplete and poorly defined, share dilution proposal.
Potential investors hate consolidations. They are evidence of a poorly run company!
Better information transparency is essential from any legitimate company!
That is how to best achieve trust!
They need to monetize their assets!
Rockcliff Metals, find some way!
All the best! Java