TSXV:ODX.H - Post by User
Comment by
llccmanon Jul 28, 2006 11:41am
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Post# 11158812
RE: 63 million shares - production soon
RE: 63 million shares - production soonAre you really dumb, or are you just playing that way, pjo?
I don't think there is a consolidation planned, but even if there was all it does is reduce the number of shares outstanding. The price of the shares adjusts upward to the new level.
If the market cap is, say $8.2 million with 63mm shares at C$0.13, it will likely be, you guessed it, about $8.2 million with 31.5mm shares at C$0.26, or about $8.2mm with 21mm shares at C$0.39, and so on.
I've made a good living over the years buying shares of companies that have good prospects that get panic sold by the retail crowd on news of a reverse split, (not that I expect one for Odyssey).
Personally I don't expect that ODX will have such a low market cap for too much longer though. One might have to adjust the figures a bit in the examples above going forward.