GREY:GDPEF - Post by User
Comment by
damianchosenoneon May 24, 2019 11:32am
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Post# 29771184
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PERFECT - RCG - PLAN ?
RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:PERFECT - RCG - PLAN ?If you are an existing shareholder and your share price is a penny or two then a 10 to 1 doesnt really change things. There were 40 million shares sold at those prices so for those shareholders a consolidation is ni big deal. The new investors that will get 200 or 250 million at 10 cents and then do a 10 to 1 also wouldnt care as they would prefer all the old shareholders to have 10 times less shares. Gary Lewis also wouldnt care as he has shares at a very low price and already made his investment back with a 25 cent gypsy swap a few years back ( shares he has now are virtually free).. However, the existing shareholders from Niva Scotia and others that financed at 9 cents and 25 cents and 12 cents and all the different shareholders that I know that bought at 12 cents and 22 cents and 16 cents wpuldt really want a 10 to 1. Their chance of making their money back is virtually impossible If that happens. For someone that has shares at 2 cents going to 20 they make their money back, new investors would double their money and someone at 20 cents would need to get to 2 dollars. Not going to happen and an bad deal for all the old shareholders. A merge for a fair amount of shares with another company wouldnt require a consolidation and every company out there would do a better job of dufferin then rcg!