Marine use accurate facts
The last rollback on this company took place on Dec 22nd 2010 and the stock was trading for 4.5 cents or 5 cents, I cant recall and yeah the price went up to the 80 cents from 50 cents and please tell the folks out there why this was accomplished
1-SD GOLD did a private placement which was the first bright moment in this company
2-Richard Hughes Left the team
3-The name Change and new address and a vision that it was a change of out with the old on with the new
How long did the 80 cent price last ???????? well folks the spike took place in 2011 and by the 2nd quarter it fell back to the 70s by the 3rd quater it fell to the 40s and finally down to 20 cents in less than 8 months.... Which means they started the RB in the 4.5 cent range and by the 3rd 1/4 it was down to 2 cents .......... Do the math on what that ment to the share holders?
There was never and repeat never a spike of 20 cents to 80 cents on the roll back of ICG
Now if this rollback is to happen you tell me why anyone would look forward to this to happen a second time when it failed the first . In fact the news of SD GOLD complete change of management and ideas and seperation from the old should have kept stability to this asset , but it could not and it fell below the pre roll back numbers in months
Richard Hughes may have left the building , but he educated the De Jongs to be like him as the De Jongs where inder him and the style of PP and RB have never left the building . In Dec 2010 the announcement read , consolidation will be in the best interst to the share holder and make PP more favourable , well I guess 1 out of 2 is good