GREY:MCOUF - Post by User
Comment by
crossfit11on Jun 13, 2014 5:40pm
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Post# 22659389
RE:RE:RE:My opinion ( very bullish)
RE:RE:RE:My opinion ( very bullish)Tough one to know for certain. So many variables. The one to five share consolidation puts a share price at 35 cents ( post-consolidation shares) from mam's closing price of 7 cents (pre-consol). But existing mam shareholders own 7.5 million shares while former Flemish shareholders hold 119 million shares. You would think some mam shareholders will sell due to having their money tied up for 18 months and that might depress the price but we own a small slice of the pie compared to what Flemish shareholders own. Don't think Flemish shareholders want to sell with their company now public and a drilling program starting in a week or 2.
Who knows..would be nice if it can maintain between 30 and 40 cents and creep higher as the drilling program advances and trigger the options that are due in August