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ENERGIZER RESOURCES INC T.EGZ

"Energizer Resources Inc is an exploration stage company. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar."


TSX:EGZ - Post by User

Comment by WDriscollon Nov 01, 2016 2:18pm
126 Views
Post# 25411459

RE:RE:1:5 to 1:10 reverse stock split proposed

RE:RE:1:5 to 1:10 reverse stock split proposedThe only way it makes sense to me is if the share price is already at .25 before they do the reverse split so that the share price goes to between $1.25 to $2.50 depending on the ratio they approve. Then I could see their points about breaking out of the "penny stock" mold. If the FEED study is released this month as projected and maybe an agreement signed and the stock is at $.25 or above before the annual meeting then I would consider a vote in the affirmative for the proposal. 
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