Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

ENERGIZER RESOURCES INC T.EGZ

"Energizer Resources Inc is an exploration stage company. It is engaged in the advancement of the Molo Graphite Project, consisting of a commercially minable graphite deposit situated in the African country of Madagascar."


TSX:EGZ - Post by User

Post by WDriscollon Nov 01, 2016 1:48pm
213 Views
Post# 25411247

1:5 to 1:10 reverse stock split proposed

1:5 to 1:10 reverse stock split proposedI just read the annual meeting notice and the big item up for vote this year is a vote to allow the board, at any time they choose in the next year, to authorize a reverse stock split from between 1:5 and 1:10. The main reasons they give are regarding a hypothetical sentiment improvement to increase the perceived legitimacy and viability of the company so that brokers will have an easier time promoting the company to potential investors in their brokerages. My beef with that idea is how much more legitimate or viable does a stock share price of between $.25 and .50 with the respective 1:5 to 1:10 reverse split actually present. $.25 to $.50 is still going to be perceived as a penny stock and investors and brokerages will still see this company as risky at best with more room for the share price to decrease than it does presently. I, for one, will be voting my 900k shares in the negative for this proposal unless someone on this board can present a good argument in favor of the reverse stock split...any thoughts?
<< Previous
Bullboard Posts
Next >>