OTCQX:PALAF - Post by User
Post by
ecolo101on Jul 01, 2014 8:39am
419 Views
Post# 22707713
Perfect timing for a reverse split 10:1
Perfect timing for a reverse split 10:1If you are the board and senior mgmnt it would be the perfect timing to come out with a drastic measure to help shareholders based on:
capitulation of market
low uranium pricing
lack of interest from institutional investors on uranium sector
number of new reactors on drawing board + new one starting up soon
Bottom of the market.
stock price need to be higher than 1$ to meet some ruling with big group
etc etc etc
announce a reverse split and concentrate the number of shares available.
When you already produce and that you have your knee on the ground it is time for action.
show some action.
glta