Electra Stone Ltd ELCGF

RE:RE:RE:17,000,000 Accumulative deficit

[perky38]

Thanks for the replies Jm and Charming.

A 10:1  reverse split at half a cent, gives 5 shares. A reverse split at 1 penny gives 10 cents.

I would expect this to happen before ELT and gold shares rise significantly.

Mr Shear only owns a minimal amount of shares that he purchased as an insider. I am sure he has shares issued to him or can at any time issue shares to himself and directors. He is the only insider, which does not say much for the future price of the stock.
https://www.canadianinsider.com/node/7?menu_tickersearch=elt

Would it not make more sense if when they do the reverse split, do a financing at the same time?.

If ELT goes up, I think it will be a short rise period


thanks for reading
m