GREY:BAJFF - Post by User
Post by
ACESoveron Aug 25, 2014 10:41am
333 Views
Post# 22874452
No thanks to any consolidations
No thanks to any consolidationsSo you think a consolidation is a good thing. Check out the link below to Aurcana who have a very successful silver mine in Mexico (La Negra). These clowns sold out their shareholders with all the same arguments I am reading here this morning such as it will attract a new type of investor, keep away the day flippers, ya dee yah dee yah da. Seemed like a good idea at the time. From 467,000,000 shares to 58,000,000 on an 8-1 consolidation. It went through all right at .58 cents to $4.64. And where is Aurcana 1 1/2 years later.....back at .57 cents....all the way from $4.64. So every Aun shareholder has lost big time. Too make it worse they have since brought the float back up another 30,000,000 shares to raise even more money. Too me these consolidations screw the shareholder big time and I would be very leary eating a spoonfull of this consolidation bull shite.....ACE$.
https://www.aurcana.com/news/2013/index.php?&content_id=43