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Bullboard - Stock Discussion Forum Agave Silver Corp. CRMXF

GREY:CRMXF - Post Discussion

Agave Silver Corp. > The best thing that could happen
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Post by NineLives on Oct 05, 2012 1:25pm

The best thing that could happen

Would be a merger with one or two other firms with similar land holdings.

Re-name the companies roll the shares back to nothing then get drilling.

Otherwise it will be much the same for the next 5 years.

Comment by easycoder on Oct 05, 2012 6:11pm
This post has been removed in accordance with Community Policy
Comment by NineLives on Oct 05, 2012 8:19pm
Sorry should have been more clear.  Too many roll backs end up with 40 to 50 million shares outstanding.  It would be best for CMA to start off with a max of 20 million.  If they can merge with others in the same boat then do a  1 for 10.  JMHO    
Comment by BudSpud on Oct 06, 2012 12:04am
I agree, roll this back to 20 million outstanding. They have to dilute in a big way to move forward and having hundreds of millions of shares out isn't good. They're probably planning the rollback already.
Comment by easycoder on Oct 06, 2012 7:07pm
This post has been removed in accordance with Community Policy
Comment by robey743 on Oct 06, 2012 11:21pm
Reverse Split – A Good Thing?   Shares Outstanding 155.340,000   Market Cap $8,540,000   Current Share Price $.055   10 for 1 Split (warrants & options adjust accordingly)   Shares Outstanding - 15,534,000 (155,340,000 / 10)   Market Cap - $8,540,000 Share Price - $.55 ($.055 x 10)     Reverse splits usually take place for 1 of 2 reasons. 1 - To raise ...more  
Comment by easycoder on Oct 06, 2012 11:27pm
This post has been removed in accordance with Community Policy
Comment by robey743 on Oct 07, 2012 12:02am
Merging with another Company(s) and then doing a reverse split - This means the other Company(s) is in the same negative position as CMA, in need of help, (help is spelled C-A-S-H) - The only thing that would accomplish is mutiplying problems by 2, (or more).
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