GREY:SWYDF - Post by User
Post by
Aceiumon Dec 15, 2010 7:16pm
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Post# 17852945
Reverse Split
Reverse Split Heckle...I'm with your thinking ... it's nice to have a lot of shares so you can sell some when when things heat up and still have some left to go long, but in the end it really is just a math thing.
That said i have always been on the losing side of a consolidation, as the hope is up the big boys will buy in over a $1.00 or 2 or 3...but then the share price always seem to slide.
I'm going to point out the one exception i know of...Trelawney Resources INC. (V.TRR). I bought in well after they had done a 5 to 1 reverse split around April 2009. These guys are a gold play but since the consolidation have been on a steady march upwards. The other reason i bring them up on this board is on December 7/10 they did a $57 million "bought deal" with RBC and Jennings. RBC would only put up this kind of money (on any project) after a lot of DD.
You can be sure they had prime access to all of Stornoway's current and upcoming data.
I have been here a long time as i originally was a Contact shareholder, and have been adding along the way also.
The last wait for news has been painfully slow...and now we know why. The Stornoway team would not have gone thru all this dealmaking if they were not sure of what they have and what is to come.
I'm voting for the deal.