RE: Reverse Split won''''t happen
A reverse split at 5 for 1 puts SP at .55. A split at 10 to 1 puts SP at 1.10. Splits a usually made to take the stock to a higher level to encourage larger investors who shy off penny stocks. However a SP at .55 or 1.10 has plenty of room to go down, whereas at .10 it doesent. This Co. doesnt need the new mpney, they could start drilling tomorrow.
At CD we have had approval to go 15/1 for several years but Chuck knows its a bad thing.
Cheers Wilf