GREY:PGDIF - Post by User
Comment by
ekimon Sep 22, 2017 1:13pm
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Post# 26731624
RE:RE:RE:And the waiting for something to happen continous !
RE:RE:RE:And the waiting for something to happen continous !Consolidation has a time and place.
An example of where this is necessary goes back to 1999 to 2001 era.
A lot of tech companies were listed on the NASDAQ at let's say $5 per share.
Then they hit some hard times and went down to 75 cents per share...but maybe they figure they are going through a rough spot and brighter times ahead.
NASDAQ will give the company a small amount of time to get back over the $1 requirement and if not...they will be delisted.
The prestige for a tech company to list on the NASDAQ at that time was valuable...so it would make clear sense to do a consolidation of shares to adhere to a listing rule.
PGD is not a tech company on the NASDAQ. The year is not 2000. The TSX exchange wants annual members fees...so it is pretty lax on any rules they do or do not have.
I don't see any technical, fundamental or economic reason for PGD to conslidate shares.
LONG...PGD
EKIM