OTCPK:PALDF - Post by User
Comment by
Bigseeon Jun 23, 2015 7:24pm
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Post# 23861581
RE:Big reverse split coming here, probably 50-1
RE:Big reverse split coming here, probably 50-1I agree that a reverse split is necessary, but 1 for 50 would not be sufficient, IMO, given the $50M rights offering which follows.
I would expect no less than a 1:200, and more likely 1:500. That assumes that they are able to get the mill production going at a reasonable volume, within a reasonable timeframe.