Post by
Flopticalcube on Nov 18, 2021 12:35pm
Time for Ed to consolidate
I think 5:1 out to do it. @20c he can continue to finance and Sprott might even pop by for more punishment.
Comment by
travismcgee on Nov 18, 2021 12:49pm
yes the .08+ baghoders would love that as consols are so retail friendly...
Comment by
ggrellette on Nov 18, 2021 5:05pm
Ed will only consolidate the shares if financing requires it. So financing inconjunction with a rollback. If that becomes the course of action by mgt. then a 5 for 1 could occur. No financing, then it would be 10 for 1. Those in at 2 cents or under will barely break even on the stock if a 10 for 1 consolidate occurs.
Comment by
Flopticalcube on Nov 18, 2021 5:34pm
I don't see as 10:1 necessary yet. 5:1 with a chance for Sprott to pick up cheap shares+warrants. Assuming of course that he is a masochist and loves the pain that Ed brings to his shareholders.
Comment by
sonofcroy on Nov 18, 2021 8:42pm
there wont be a consolidation. Not necessary.
Comment by
Flopticalcube on Nov 20, 2021 7:15pm
It will be if he can't get the share price above 5c and needs to raise funds.
Comment by
amxjavelin on Nov 20, 2021 6:55pm
I agree flopticalcube I think long over due MTB did one