GREY:ATIVF - Post by User
Comment by
badactoron Feb 01, 2011 11:43pm
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Post# 18059690
RE: RE: RE: RE: Timber!!!!
RE: RE: RE: RE: Timber!!!!Until the meeting approves the consolidation & the true numbers are releeased (20-1) there is no way to put a post consolidation price on the shares. However ,as i have stated the SP will be considerably higher but for how long is anyones guess.It will be interesting to see what the financing price will be & how well it is participated in by the markets. If it is filled quickly & even over alloted then i will take this as a good omen.
Don't forget that everyone will have a different cost base depening at what price they bought or averaged down. Some might actually break even after the new SP is announced & will sell others might hold or still others might continue to buy. It's a crap shoot & as they say it's a mugs game to try & predict SP movement.
Your either in or out at vote time. Many new investors might jump on board after the consolidation if they believe ACT will survive. I've stated here that i have no intention of selling until it either increases in value or goes the way of the DoDo bird & provides a tax loss.
Not intended as investment advice !! GLA