ROLLBACK? Like VIT?
500 Million shares is too many for a company not yet in production.
Effective today, Victoria Gold has done a 1 for 15 rollback to bring its trading shares down to about 57 Million.
If WM.t did a 1-for-10 Rollback, it would have about 50 Million shares, and a SP of maybe $5-6. That is high for a company not yet in production, so maybe 1-for-5 or 1-for 3 is more likely.
When will the rollback come? It seems inevitable, and getting it out of the way, may help set the stage for more upwards action.