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Snowfield Development Corp. SWFCF



GREY:SWFCF - Post by User

Bullboard Posts
Post by ghosttraderon Feb 01, 2010 6:45pm
727 Views
Post# 16741552

Reverse split is the "kiss of death"

Reverse split is the "kiss of death"Well shareholders have a nice surprise coming in the mail for the new Feb meeting, you will be asked to vote on a reverse split, anywhere from 10 old for 1 new or even 15 or 16 old for 1 new. The 12 for 1 has been suggested by some major shareholders so make no mistake this will happen. Probably in March, they have no choice, they need to raise cash and raise the share price to do it. Once they get cash and work the diamond property you may see you money back. This is officially a very long play. I personally am dumping everything to get back in at .005 or after the reverse split and the big price drop after that.

Its not pretty but its the truth. If you can't wait for the mail call the office.
Bullboard Posts