RE: RE: RE: RE: SDX.V in GLOBEANDMAIL I haven't heard anything about consolidation. There is no mention of it in anything I have read regarding this company. A lot of companies have 300 million shares or more outstanding.There are successful companies on the venture and this company has just started to make money. I think they are more interested in increasing boe then the share structure.
smq had $10,853,521 at the beginning of 2012 as of sept 30th they had 377,268 for a nine month loss of 10,476,253
they have 350,000 cash on hand and owe around 3 million
did a stock consolidation to reduce to 30 million shares then did a financing for another 30 million
right after that and now have 60 million shares
doing about 450 boe a day
sdx doesn't need a financing they are doing 6 million of exploration this year with working capital
the last quarter reported they reduced their debt from 7.2 million to 3 million
increased their production to 1700 boe a day