GREY:COLUF - Post by User
Comment by
naeden99on Mar 21, 2014 10:03pm
656 Views
Post# 22354834
RE:New Share Structure
RE:New Share StructureThe shares that are trading as COLUF are still the 'old' shares. There are 10 bn 'old' shares outstanding after the proposal. This 0.09 price implies a value of $900 mm - completely bogus. Someone is trying to create a run on a small amount of buying. If I could sell my shares at these prices I would.
Please no one buy the shares at $0.09. This is just a public service notice - I'm not trying to bash the stock here - I own a bunch of shares through debt holdings, I would love if it was really worth this much.