GREY:FEVCF - Post by User
Comment by
bigwhiteon Jun 03, 2008 1:14pm
245 Views
Post# 15139693
RE: The news-CONSOLIDATION
RE: The news-CONSOLIDATIONI can understand the selling but buying at today's price makes no sense. Consolidation at 5:1 would put today's valuation at a buy price of.70 if purchased at .14. If the consolidation takes place the 30MA is somewhere around .05 or a consolidation valuation at .25.
Forterra also announce that it will seek shareholder approval of a consolidation of its approximately 61.5 million outstanding common shares. The proposed consolidation ratio, expected to be one new share for five old shares, will be set in advance of mailing the management proxy circular for the shareholder meeting. The shareholder meeting is scheduled for June 4, 2008.