GREY:WONEF - Post by User
Comment by
AD31313on Oct 25, 2016 1:22pm
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Post# 25383383
RE:RE:Do The Math - 40:1 Split = 250 Shares per 10000 -Ouch
RE:RE:Do The Math - 40:1 Split = 250 Shares per 10000 -OuchIt's especially ridiculous considering that stocks on the TSX can trade down to the 0.0001 - plenty of downside left either way.
And you're right - if the stock was $2.40 I'd give it a serious look, at 6 cents no one will look twice.
As far as I'm concerned they should go to the higher range and do it 40 to 1, the higher the corrected share price the better.
Old equity holders need to face the music. Why bother with this stock if you're just going to get diluted by the next convertible redemption in 2017.