RE:Consolidation!KC8 wrote: After the close on Friday the company issued a news release.
The company has consolidated its capital on a 1 new for 10 old basis.
Effective at the opening Monday March 3rd, the common shares of Goldex Resources will commence trading on the TSX Venture Exchange on a consolidated basis.
I would suspect the bid ask to possibly be 4 to 5 cents at the opening.
WOW !, with no warning to the trapped share holders. Same management as Tearlach, they did the same thing over there a while back and the share holders got creamed with no notice. It is all too obvious that this management team doesn`t care about their retail share holders. No credability left, run for the hills on this one. Lights will be out soon enough.