Its beginning to look like a pretty good estimateHi all
I was thinking that Management had over-estimated how low this was going to go when they called for a 7 to 1 reverse split a while back when this was in the 40 cent range - I was thinking they might get by with only a 5 to 1 split if their aim was simply to keep it over $1.00 (US) to keep their listing. It now looks like if it drops another 8.5 cents that will put it below 14 cents US - and even a 7 to 1 rollback won't be enough .......I'm guessing the shorts are just licking their lips and circling.
I am truly ashamed to say that I actually thought this was a good buy with good management when I picked up my fist shares north of $40.00 (Can).
Well, at least with the recent sale they will have some cash to pay their severence and golden parachutes. I am sure their mothers are so proud.
GLTA
Rusty