Contd I'd take that further and say that the rollback amount is totally irrelevant, it's the percentage equity in the new entity that matters. In the case of Lone Pine Resources, it was zero."
Read more at https://www.stockhouse.com/companies/bullboard/t.stp/southern-pacific-resource-corp#uyDuI5EGp3LV5to4.99
Yes Nike you're right those companies didn't pan out for shareholders, but my point was in response to the specific companies that Wittman listed not those companies, and in
each case shareholders who bought in near the bottom preconsolodation of those stated companies, still made money. That was all that I was tryng to say.
But he can't quite comprehend what the actual meaning of a shareholder is, he seems to be convinced for some reason that it means someone who has held on for years, or atleast that's what it sounds like to me. Because last time I checked someone who bought YLO at 2 cents was still a shareholder just like someone who bought in at 10 dollars was.