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Bullboard - Stock Discussion Forum Fission Uranium Corp T.FCU

Alternate Symbol(s):  FCUUF

Fission Uranium Corp. is a Canada-based resource company. The Company’s principal business activity is the acquisition and development of exploration and evaluation assets. The Company is a resource issuer specializing in uranium exploration and development in Saskatchewan’s Athabasca Basin in Western Canada. The Company’s primary asset is the Patterson Lake South (PLS) project, which hosts the... see more

TSX:FCU - Post Discussion

View:
Post by Laphroig on Jun 06, 2023 3:51pm

15:1

share consolidtion.
Comment by Uraniuman308 on Jun 06, 2023 9:03pm
I voted against.  Look at total compensation over the past 3 years. Ross has been grossly overpaid while the share price has fizzled.  This company has been mismanaged.  The reverse split will be followed by equity raises - they need money for development, and lots of it!  Long term shareholders are about to get fleeced.  JMO
Comment by nplainsdrifter on Jun 07, 2023 5:54pm
reverse split always sign of poor management and impending doom for shareholders,they re being mined to pay management
Comment by Greenday on Jun 07, 2023 6:44pm
@ nplainsdrifter - FCU is consolidating so that it can apply for a listing in the States.  Your assertion that reverse splits are always a sign of poor management is hogwash.  BBD for example has doubled in price since it consolidated in June 2022.
Comment by Uraniuman308 on Jun 07, 2023 10:49pm
Greenway, your right, nothing spells success like a reverse split, LMAO!  You do know they hardly ever work out for existing shareholders?  JMO
Comment by settoretire on Jun 07, 2023 10:59pm
1 in 100 work. Shareholder value is eroded BIG
Comment by Greenday on Jun 08, 2023 12:58am
@ Karen308 - Depends on the reason for a consolidation.  The absolute value of FCU doesn't change so what do you see as a problem?
Comment by nplainsdrifter on Jun 09, 2023 7:04pm
We ll see won t we.Most post split do a race to the bottom,very few work out for the shareholder that I ve seen.
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