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HUDSON RIVER MINERALS LTD V.HRM

"Hudson River Minerals Ltd is currently seeking other business opportunities."


TSXV:HRM - Post by User

Comment by BMW4FUNon Sep 28, 2012 3:05pm
123 Views
Post# 20425735

RE: RE: RE: No support

RE: RE: RE: No support

The reason is because every company has to maintain a specified stock price, and if the price is getting near to nothing, the exchange sees it as a dried up stock and delists it. So a reverse stock split even as little as 1.25 -1 even with an already low float just to bring it's price back up and buy time and stay listed for when the sector picks up again. Happens all the time and just a few weeks ago with Couger Minerals COU/VENT their stock went down to .015 and because they had a large float they did a 10-1 reverse split to buy more time and stay listed. And what price is HRM sitting at right now? ya .015 I would say low stock price and barely no volume sounds like drying up to me!

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