PINL:HLOSF - Post by User
Post by
waynedon Jul 24, 2010 4:59pm
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Post# 17294570
AGM consolidation
AGM consolidation They don`t believe in putting out general news much iether . Lynda was so proud of that I.R. company she hired .Lot of good that did.
Anyway on SEDAR the AGM is set for AUG. 10th . Besides the election of officers and general business there is a vote on share consolidation . One new for ten old . It has always been my experience that this is bad for minority shareholders . The new price will probably settle around 20 or 30 cents .From there it will move down at which point management and close friend will load up on options . Then there will be a bought financing at a lower price then the new consolidated price with these shares carrying a half warrant each . They won`t be available to us . Then the new officers will get a load of options for doing nothing.
The rest of us get screwed . Your shares will be almost worthless unless you hang on and hope for a miracle !.