OTCPK:VGIPF - Post by User
Comment by
hakodateon Dec 19, 2013 7:28am
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Post# 22021430
RE:RE:RE:RE:FrontFour's Proposal Now On SEDAR
RE:RE:RE:RE:FrontFour's Proposal Now On SEDARRenegade's net debt is $281M and when they complete the recent transaction that will be reduced to about $251M.
Below is an excerpt from an Bloomberg Business Week article on reverse splits in general.
https://www.businessweek.com/stories/2009-03-11/reverse-splits-fewer-pieces-of-a-smaller-piebusinessweek-business-news-stock-market-and-financial-advice
In bull markets, investors often bid up a stock when it announces a conventional split. Conversely, research shows a reverse split is a signal to dump a stock. A 2008 study of 1,600 companies that did reverse splits found the typical stock underperformed the broad market by 50% on a risk-adjusted basis during the three-year period after the action. "Reverse stock splits are a strong indicator the company is going to be a significant underperformer during the near future," says Jim Rosenfeld, co-author of the study and an associate professor of finance at Emory University's Goizueta Business School in Atlanta.