RE:368 Million Shares Outstanding. THAT'S THE PROBLEM!!!
I wish people would drop the talk of a reverse share split, they are just showing their ignorance of the market. First reverse splits are almost never a good thing, it sends a very bad message to the market, by saying the value of the company cannot support the number of shares outstanding, second in a takeover situation, such as should occur with FCU, it makes absolutely not difference to the take over price paid as the buyer could care less how many shares are outstanding, they just pay what they think the deposit is worth. People are impatient and are just throwing out ideas in the hope something will make the stock go up. They need to stop worrying, good drill results make stocks go up and FCU has them in spades. The price will go up, just not on the schedule that posters here wish to dictate, it will go up when it feels like it, and not a moment sooner. I have a very large position in FCU and sleep very well at night knowing what has already been found more than supports the current share price. The stock may bounce around, but eventually someone is going to pay up for my shares on a take over and the daily price movements are simply a distraction that gives me something to watch while I wait for more good results. But just my thoughts.