GREY:PGDIF - Post by User
Comment by
mill44on Sep 22, 2017 12:46pm
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Post# 26731440
RE:And the waiting for something to happen continous !
RE:And the waiting for something to happen continous !If they want to go ahead with the project, they will have to keep putting money in it, no matter where the SP is. If the SP is 10c, or 1$ because of consolidation, the market cap is the same, the percentage owned too. Consolidation would not change anything. Do you believe the Friedlands would give up 20% of Chidliak for 10-12M, just because the shares would be issued at 2$ instead of 20c?
If no outside money is brought in to push the project forward, the SP would end up in the same place in a year or two because of dilution, even if they went ahead with a consolidation.