GREY:GMFLF - Post by User
Post by
GoldSilverbug77on Apr 01, 2014 5:01pm
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Post# 22397701
Opted out of Global Minerals
Opted out of Global MineralsInspite of all the love and respect i had and still have for the management and the prospects of their mine i cashed out of Global Minerals at 0.30 and booked 40% loss from my purchase at 0.085 pre-split .
My action was only due to the management decision to reverse split and issue new shares at ever lows. I have a principle not to be in companies that are reverse merging. Though they might eventually bring the mine to production my capital invested could be diluted to death..
Good luck to all those invested and wish the management all the success. I was counting this a 20 - 50 bagger from the lows had they opted to be optionality play rather than deciding to go the production route.
GSB