RE: RE: 1 for 2 splitTo get back to this.
Although you'll recall I did suspect a consolidation was coming I thought it would likely be a 1 for 3. It was inevitable.
The fundamental haven't changed for this tho so I do not expect the current price to stick for long.
These types of consolidations are done because the company basically has little or no value and wants to continue to raise money and this is the only way they can do that. It is a bit of a last resort type of situation. I've never seen one yet where the price stays up by the factor of the split. Maybe this one will be different but I doubt it.
I also wouldn't be surprised to see another financing soonish.
$.08 is a reasonable price for this when value is considered. It may not get that low especially with gold and silver reaching new highs but I think it's reasonable to expect the share price to drop by around 50%.
On the other hand a GUY sale would support it nicely but at this point IMO GPM is way overpriced.
Still no reason to get in yet unless one is gambling heavily on a GUY takeout.