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CANDORADO OPERATING CO V.CDO



TSXV:CDO - Post by User

Comment by trader4everon Sep 05, 2009 2:40pm
205 Views
Post# 16281822

RE: Should Have

RE: Should HaveMaybe I get you wrong: But are you receommendating a reverse split ? This would be the worst! Reverse splits often are the death od a stock as it is usually a sign of weakness of a business.
Additionaly, a reverse split would reduce possibilities for institutions to get in. Instiotutions do not buy just some thousand shares but prefer to have some 100k or millions of shares - waiting for higher prices. I have been talkking to several cEOS about RS  - included Bernard - and not one did like RS. RS is something for microcaps who are shells or  stock with not much business and some 100.000.000 of shares. CDO still has a great number of low OS and low flot compared to most of the other explorers I have been watching. CDO needs this number of shares to have a tradeable number of shares. If CDO does a RS now - after they became the biggest explorer of B.C. - investors and banks will hate it....especially those who are holding millions of shares already. an RS would destroy any confidence in this story!!!!

Maybe you check other explorers and compare the OS. But, as I said, maybe I misunderstood your statement.
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