Post by
Gringotts on Nov 18, 2018 8:17am
No to Reverse Split!
A reverse split more often than not leads to share depreciation. If the company is thinking of consolidating shares to increase share value, might I suggest, as an alternative, a share buyback. FIRE has money in the bank and can execute such a buyback, and the buyback will reduce the float depending on how its structured.
I say NO to a reverse split!
Comment by
theTransporter on Nov 18, 2018 12:28pm
I'm voting NO to this. It will take 50c climb to give you the same gains that a 10c climb will do today. I haven't seen any other company needing to do this to get where they are today. They need to grow organically and not artificially increase the share price. To me this as an indicator they plan to create more dilution.
Comment by
solarcradle on Nov 18, 2018 1:12pm
I would not be happy with a RS if this is a plan to create more dilution in the near term
Comment by
nearnorth101 on Nov 18, 2018 1:49pm
To be listed on the TSX for some reason I thought that a companies share price needs to be $5 + for a certain amount of time. anyone have any info about that?
Comment by
theTransporter on Nov 18, 2018 2:28pm
No true. Look at Bombardier for example.