Great Panther Mining Ltd GPLDF

more pain

[SHEEPBAAA1]

At the Company's upcoming AGM on June 29, 2022, shareholders will be asked to vote on a resolution that will grant the Company's Board of Directors the discretion to authorize a reverse stock split in order to satisfy continued listing requirements.

[Heywood_Silvers]

We may have to bite the bullet and accept a 1:2 or a 1:3 reverse split.  The Panther will not risk being delisted from the Big Board as that will be more painful than the reverse split.

[ecolo101]

A reverse split is rarely a good thing. The only one that I remember working well was Eldorado in 2018.  A gold mining company. Gold saw it price increasing significantly after the reverse split helping the company transiting well. But shareholders took a lot of pain. GPR is in a worse position with 448.9 million shares outstanding. They need at least 5:1 reverse split to stay away from more

[Heywood_Silvers]

I don't think they'd need to do more than a 1:3.  That would get the share price up to around 50 cents, or more than double the minimum requirements of 20 cents.  This would bring the share count down to a very reasonable 150 million shares outstanding.  To put that into context, First Majestic Silver has around 261 million shares outstanding. I'm fine with a 1:3. 

[ikny]

the bosses oown very few shares and haven't bought in any number for a long time.....when the new shares are available they will give themselved options at a very desirabe price...I have 1 50000 shares...if the price increases  .20 i gain 30000 dolllars....at 50000 shares I need a gain of .60 and there is no guarantee that these clowns wont screw up as they usually do....on the positive

[ikny]

that"s 150000 shares......

[miscstuff]

That will keep the lowest of the lowlifes out. They'll need $50.00 + transaction fee to play 100 shares. lol.