7936567 Canada Inc SWYDF

Reverse split 5 vs 3 to 1

[MrAnderson]

Ultimately the share price does not matter.  If the value of the resource doubles so will the share price no matter what it starts at, it just may take a bit longer.
I think companies with higher share prices prevent the penny flipping day traders from playing with your stock.  If a stock is worth
.50 and moves up and down a few cents every day penny flippers can make 2% to 4% on those little swings.  If your stock is work $3.00 your volatility is going to be reduced as a swing of a few pennies is a much smaller percent.  With a
.50 stock its hard to have a 1% or 0.5% swing as people don't usually trade half or quarter pennies, so even if you have a good company as a penny stock you are subject to large % swings. 
So the higher price means a penny flipper can still flip shares for a few pennies a day but they must make a much larger investment to make any money at it.  The will go hunt somewhere else.  Removing (or reducing) these traders makes the company more attractive to a new group of investors AND if they have to do financing someone would have to push the price down more then a few cents to make a major difference in the financing, its easy with a penny stock to push it down and thus influence the financing.
Anyway, since I plan to be here awhile and don't penny flip I am happy with the move to a much better (IMO) share price range.