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Bullboard - Stock Discussion Forum Metanor Resources MEAOD

Metanor Resources Inc is engaged in the production and sale of gold as well as acquisition, exploration, and development of mining properties. It projects include the Moroy Project and Barry project among others.

OTCPK:MEAOD - Post Discussion

Metanor Resources > Consolidation of Shares?
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Post by romara on Feb 03, 2017 4:12pm

Consolidation of Shares?

The question is .... would you rather buy in at 6 cents, or wait until after backsplit,  and buy in at 60 cents .... what's your thoughts???   .... Richard
Comment by BASTILLEDAY4U on Feb 03, 2017 4:48pm
It should have been done last spring when the stock was trading as high as .125, I did mention a 1 for 10 but was laughed at and humiliated, doing it now looks like a sign of desperation.
Comment by goldminer01 on Feb 03, 2017 7:35pm
This post has been removed in accordance with Community Policy
Comment by romara on Feb 03, 2017 7:42pm
Management can do what they want....PP's are a gold mine to these people, they finanace the PP themselves through another shell company, and give themselves a whole free warrant, or half a warrant.... after the hold period... they sell the shares, and warrants  back into the market ... They can make a nice living doing that ... a real money machine ..... Richrd
Comment by BASTILLEDAY4U on Feb 03, 2017 8:04pm
Maybe trying to avoid this with the 1 for 10: Pending Share Consolidation. Where an issuers shares are trading below the minimum pricing requirement, the issuer would be required to consolidate its shares prior to conducting a financing of its shares at a price per share that is less than $0.05. In order to complete a consolidation of shares, an issuer would be required to obtain shareholder ...more  
Comment by tsoprano1 on Feb 04, 2017 12:47pm
Management can do what they want....PP's are a gold mine to these people, they finanace the PP themselves through another shell company, and give themselves a whole free warrant, or half a warrant.... after the hold period... they sell the shares, and warrants  back into the market ... They can make a nice living doing that ... a real money machine ..... Richrd I agree, except for one ...more  
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