Decade Resources Ltd V.DEC

Share consolidation will occur................

[ggrellette]

if financing is needed. If the only avenue for them is to issue mores shares then the financiers will force them to consolidate. So any financing that is done CAN NOT BE THROUGH NORMAL MEANS. This means a convertible debenture or loan. The only other method would be a pre-concluded private placement with insiders and money players already involved in the stock. I believe it will be the later or the first. Obviously many here are hoping for the later.

[NOMOREROLLBACKS]

I WOULD BECOME A DAY TRADER BOXING THE PRICES WITH MY MANY MILLIONS OF TAX FREE SHARES IF THIS OCCURRED .. GOLD WILL SOON TAKE OFF...

[Flopticalcube]

Day trading in a TFSA will draw the attention of the CRA and probably a fine.

[NOMOREROLLBACKS]

not the same day or account.....

[NOMOREROLLBACKS]

I have now cancelled a 259,833 buy order at 4 cents and have 2 orders of 100, 000 on the offer until this gets sorted out by Ed and Dino.

[Flopticalcube]

It won't be the financers that will force them but the exchange. Can't do a PP below 5c per TSXV rules.

[GenHandgrenade]

So tell me why do many many many companies do PPs at a price well below .05 cents if you can't do it??? 

[Flopticalcube]

You can finance by other means at less than 5c but the Venture will not let you do a PP (i.e. issue new shares) at that level. A rollback has to be part of the PP and that is very common. 

[amxjavelin]

No one likes a rollback i dont but MTB did one  i would not be shocked if one was done?.

[ggrellette]

Yes u r correct there r other ways to finance. Convertible debentures and loans r ways of financing. Sadly the way this mgt group likes to operate is through PP(Issueing New Shares) so they can play the stock themselves. I assure u if the financing is needed the shares will be consolidated in conjunction with a Private Placement. What ED will do is show some substantial drill results to encourage

[travismcgee]

Rollback can be avoided for a while. For now just do an existing warrant extension, release good grades and the coffers are filled.

[ggrellette]

Hahahahahahahaha if it was only that easy.

[travismcgee]

seems anything goes with these micros so why not. if not is it 5:1 or 10:1 ?

[ggrellette]

That is a very good question. The answer will lie with those insiders along with ES/Tueton on how they will feel if a RSS is done. I am sure ES will not be pleased but will be persuaded to accept it. If Tueton and Eric Sprott were not in the picture then a 10 for 1 so maybe a 5 for 1 since they will be a leading voice. Here is my guess to what MIGHT occur. IF drill results are still pending then

[GenHandgrenade]

..."is pleased to announce it has received TSX Venture Exchange conditional acceptance for anon-brokered private placement to sell non-flow-through units at a price of $0.02 per Common Unit and flow-through units at a price of $0.025 per Flow-Through Unit. The Offering will raise the Company total proceeds of $450,000 through the sale of up to 10,000,000 Common Units and 10,000,000 Flow

[ggrellette]

The exchange can not force any company to enact a share consolidation. ES or Tudor will have to pony up more cash or DECADE will have to issue a PP to the market and yes the lowest denomination is 5 CENTS and a rollback will be done simutaneously with the PP. 

[Flopticalcube]

I thought that is what I said? The rules of the exchange do not permit a PP below 5c so a consolidation is required to do one, per the exchange rules. Of course, Ed could find a way to fund the company through other means and thus reamin below 5c but that would not be the norm in this industry. Consolidation followed by dilution is the solution.

[ggrellette]

No it was not. Now this reply is correct with the statement about the exchange having rules around the lowest denomination possible for a PP which is 5 cents. Sadly NOT one retail investor wants to see a share consolidation here. Most here are in at higher levels and that would crush any hope of recovering your initial investment. Getting the share price up through consolidation is NOT THE