OTCPK:MGMXD - Post by User
Comment by
R_J_on Apr 20, 2015 11:37pm
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Post# 23648814
RE:RE:Dividend percent
RE:RE:Dividend percent“My imagined future is that there is a 99% chance of a share consolidation and that the most likely ratio will be 1:10 (one share for 10 shares).” ~ Materials Girl
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When I saw this in this morning’s post, I was a little puzzled.
Perhaps I had not paid enough attention to the proceeding conversations.
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Then the lightbulb went on.
It has, in the past, typically been a major objective for a Canadian corporation to get an US listing.
But this is not so easy for the typical Canadian penny stock.
The barrier is that the Canadian stock must cross the US$3.00 a share hurdle to qualify .
Typically this takes years of good luck and hard work.
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But for AXY, a 1:10 reverse stock split would do the trick.
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Rainbows & Lollipops.
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RJ