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Seaway Energy Services Inc. V.SEW.H

Financial Services
"Seaway Energy Services Inc is a development stage company."


TSXV:SEW.H - Post by User

Seaway Energy Services Inc.
Bullboard Posts
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Post by Matt743on Mar 17, 2014 11:00am
143 Views
Post# 22331293

Do your DD guys

Do your DD guysDoes anyone understand what a 10 to 1 share consolidation means? This means if you have 10,000 shares, after the consolidation you will have 1,000. The share price will go up to match the same value - if at 1 cent, will move to 10 cents so your share value is the same. 

There is no news for SEW to move so dramatically, else please someone post it.

My opinion, (do not take for fact!!) is that pumpers are trying to get their shares out at a high share price before the consolidation. Seems to be working, but the stock is on the downturn. (RBC has last price at $0.04 @ 10:58 AM EST)

I don't know whats going on, but if there is any info, can someone post it rather than saying arbitrary share prices that it may hypothetically go to? - $0.20 by tomorrow - WHY?
Bullboard Posts
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