OTCPK:RKNLF - Post by User
Post by
JonathanJSmithon Feb 24, 2017 10:43am
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Post# 25888803
Reverse Split Coming Down the Pike
Reverse Split Coming Down the Pike
With over 100MM shares outstanding, shareholders can expect a 1:10 - 1:25 reverse split before any equity raise. Given the current balance sheet and the uncertainty surrounding RKN, this company is way overvalued. Expect the price to drop to about $0.20 pre-RS (where it belongs). At $0.20, expect a 1:25, then a subsequent raise at around $3.00/sh (as the share price will drop further).
As I said before, Koslaw was lucky to dupe somebody into taking over this pig in a poke.
Cheers,
JJ