GREY:STPJF - Post by User
Post by
oiler14on Aug 27, 2014 12:05pm
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Post# 22882437
Reverse Split
Reverse SplitMost of the time when the stock tanks, there is usually a reverse split. A 10 to 1 will only give it a 60 cent range. Usually with the TSE, big board, investors like to see at least a dollar figure for the stock-a 100 to 1 will kill it.
In the boom, this stock was in the $4.00 range and they looked like a real comer buying up smaller companies who tanked and gaining for their company hugh acerage. I thought that they may sell some of the acerage that bordered some of the larger companies to gain extra capital.
Have to see if they survive or taken over now with this low price. Of course, debt could play a large part here.
I have to look at the oil sands map from 5-6 years ago to see all the transactions on the properties there.