GREY:CLRYF - Post by User
Post by
Scotty2014on Apr 02, 2016 7:28pm
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Post# 24724365
Consolidate vs Split
Consolidate vs Split
Obviously they are not going to split a 16 cent stock. Its very unlikely they are going to consolidate at 20:1. That would result in a stock amount of approx. 10 million shares. That is likely too few shares to be optimal. They need to get the market cap up to at least 500 million and increase cash flow. To get on Nasdaq. 2-3 dollars a share. It does not matter how may times you consolidate if your market cap is not up to par. Currently under 50 million dollars Canadian.