Key to a SUCCESSFUL share consolidationInvestors invest to receive a return on their investment.
So you buy: 100K shares @ $0.015 = $1,500.00 consolidation 30:1 = 3,333 share @ $0.45 =$1,499.85
100K shares @ $0.01 = $1,000.00 consolidation 30:1 = 3,333 share @ $0.30 =$1,000.00
100K shares @ $0.005 = $500.00 consolidation 30:1 = 3,333 share @ $0.15 =$500.00
Key, what do you believe NWM fair market share price is $0.15, $0.30 or $0.45.
Carpathian Gold Inc. (CPN) $0.185, near-term gold production on its 100% owned Riacho dos Machados ("RDM") Gold Project in Brazil. NI 43-101 mineral resources of approximately 8.1 million ounces of gold in the measured plus indicated.
San Gold Corporation (SGR) $0.19, production guidance of 75,000 to 90,000 ounces at full year cash costs of between $800 and $900.
If the stock is over price, it will not be for long. People will low bid it or move on to other stocks which have a potential for a good return, after all that is why we invest. This is one area where investors loss money, believing that if the consolidation share price is $0.45 the share price has nowhere to go but up. If new investors believe that share price should be $0.15-$0.20, given the stock sediment, dept extentions, the low share volume making it hard to exit or for that matter enter this stock at any volume for a reasonable return, the investor will move on or low bid.
From stocksnbonds: “We need the company to be on a more solid footing. How will your plan put this on a more solid footing? Just the opposite. It will bankrupt the company. Did you look at the burn rate for this company? Seriously? This company is going to be in the hands of our creditors if we cannot raise money and fast. What would you rather have? A smaller share of a growing pie (increasing market cap ) or a no pie given a bankrupt company in the hands of our bankers? Let's get real here and take off our blinders.
Who am I though but a simple shareholder.” Interesting, investors are not running the company and investors want a return on their investment and investors should take this into account when purchasing shares, risk.
“This will not happen if NWM or whatever the heck it will be called will raise production, increase earnings and pay off debt.” DA!! As with any company, when they do this, the company will become more valuable but it has not happen, investors should take this into account when purchasing shares, risk.
10 days to AGM, if you purchase shares at $0.015 and they consolidate after 12 Sept, 2013 making a share price of $0.45, since I am not god, good luck, it is not worth $0.45