TSXV:AAA.P - Post by User
Post by
dusofton Mar 11, 2015 10:12pm
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Post# 23512089
Headed to reverse split sooner than anyone can think
Headed to reverse split sooner than anyone can thinkIn my opnion the planning theme is this is time to fry up remaining longs and bring in new longs.
Get ready for larger loss and reverse split. If in doubt see Rodinia 10 year chart. 1:5 reverse split over a buck fifty and now 0.02cents. Here is the cycle...raise capital...raise more capital...keep raising... then reverse split start over again...until reduced to pennies then sell properties and keep feeding oneself. Let's see how long Ferti and Longs ride it.
ORONTO, ONTARIO--(Marketwired - March 9, 2015) - Rodinia Lithium Inc. ("Rodinia" or the "Company") (TSX VENTURE:RM), has entered into a definitive sale agreement with a private Argentine subsidiary of a global mining company to sell a 100% interest in 1,166 hectares of mining rights comprising a portion of the Centenario and Ratones properties ("Properties"), held by the Company. In consideration for the sale of mining rights comprising the Properties, Rodinia will receive gross proceeds in the amount of US$408,046 on or before the March 16th, 2015. The sale agreement, along with previously announced sale of certain mining rights in Argentina, helps strengthen the Company's balance sheet and does not impact Rodinia's flagship Salar de Diablillos property