Bullboard - Stock Discussion Forum Purepoint Uranium Group Inc V.PTU

Alternate Symbol(s): PTUUF

Energy

Purepoint Uranium Group Inc. is a uranium exploration company focused on precision exploration of its projects in the Athabasca Basin. The Company’s flagship project is the Hook Lake, a joint venture with Cameco Corporation and Orano Canada Inc. Together with its flagship project, the Company operates nine projects across 222,423 hectares (ha) of claims throughout the Athabasca Basin. Its... see more

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TSXV:PTU - Post Discussion

Purepoint Uranium Group Inc > SHARE CONSOLIDATION LOOMING

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Post by wooffer9 on May 15, 2021 6:35am

SHARE CONSOLIDATION LOOMING

BYE BYE-- WOOF

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Comment by buyholdsell002 on May 17, 2021 10:35am

Lol! Love how they have a long news release with exploration plans and then slip in the share consolodation buried way at the bottom. Leaving it wide open ended on top of it.

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Comment by Marshall on May 17, 2021 2:36pm

Please note that the board of directors of the Company has no present intention to implement a share consolidation but believes that it would be prudent to have the necessary shareholder authorization in place should the board determine at some point in the following two-year period that a share consolidation would be in the best interest of the Company. The decision to seek authorization from the ...more

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Comment by MoneeMakr on May 17, 2021 5:35pm

Yeah, I don't disagree. It's nice for early investors to get the runs that penny stocks provide, but reverse splits just help ensure when company begins getting traction, that the gains aren't lost by penny flippers. In that way, it's goos for shareholders. Goes to a proxy vote anyway.

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