I posted sometime back in feb, But no ones seems to notice/reply this board that often. I do think reverse split will drive the share price down. But Bravo is already at depressed stage and how far can this move down? even though it does it will spring back after the new resource calculation.
I personally think 10:1 will be too deep of a consolidation, the annual meeting says to the max of 10:1 but i think it will be somewhere in the range of 5:1... i hope it stays this way, there is no point in pushing up the share price to 50 cents, Bravo is not there yet.
On the other side Consolidated Holdings have 34 to 35 million outstanding shares and they did a PP december 2011 at 0.07. I dont think they will be happy with a 10:1 as that drives down the share price way down. i seen companies losing 30% to 75% of their market cap after revese split. With all this in my mind, i think they might only do 5:1.
Any Thoughts??