EPSFor those shareholders who are about EPS as a defining factor in this play, You should all be very excited about PYD going forward with a 10:1
If certain metrics are followed and PYD nets $800,000. Current share structure would net PYD a quartly EPS of break even. and Annualized .01 EPS
POST roll back the same $800,000 quarterly earnings would be EPS .025 and a annualized .10 a share.
Fast forward 24 months and a potential 10,000 machines when a divident is possible. It would be hard to give a dividend of .01 a share when EPS is .02. Providing a dividend of .05 is easier when EPS is .20
I will end with this note, If you dont like the rollback then sell your shares to who is clearly holding the price firm. If you are long on PYD then this clean up of our share structure will benifet us greatly. We went from .03 to .06 on EBITDA estimates and now we are in a holding pattern.
Also, if you dont know much about rollbacks then do some research before you jump to conclusions. Although this is a venture play, it is a money maker and not a mining sector disaster. Robert Miodunski took a play from $2-$100 , he is our lead indipendent director!!!!!!!!!!