TSXV:POI.H - Post by User
Comment by
Wallcrawleron Oct 22, 2016 2:40pm
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Post# 25374447
RE:RE:RE:RE:News oct 21
RE:RE:RE:RE:News oct 21 Your share price paid now also goes up by 10x, so if you paid 5 cents a share and bought 10 shares your cost is 50 cents, roll back 10x and now you have 1 share worth 50 cents. Reverse splits never work. If they do a reverse a 10 to 1 that puts the share price at 40 and it will just drift back down. The only way to save existing holders is to find a buyer and get 25 to 50 mil, and that is unlikely. They are in a dire situation, everyone knows that. Ive never heard of a company selling their accounts recevaible before, also keep in mind they have a 100000 payment in dec on their debenture.