RE:RE:RE:Reverse splitBack when McKinnon and Schler were running the show, they would produce news that would increase the share price. Several days later they would announce financing below the current share price and destroy the rally. The share price would then plummet below the financing price. Months later they would rinse and repeat. The pattern was remarkable.
You bought a million shares months ago, and that will turn into 200,000 shares or 10,000 shares depending on how badly they split. Yes your share price will increase commensurately. However, in my experience, the result is that the shares are a screaming short and you will lose.
Why is this happening? I don't have an answer for you yet. I think that's for the lawyers to uncover. Present management went along with McKinnon. So did the BOD. They should all be investigated, including Peter Harder.
Julie Lee Harrs has worked for some very large mining companies prior to joining ENZR, and I think she went back to another large one after departing ENZR. I think she wouldn't get on board with what McKinnon/Schler were doing and was effectively dismissed (contrary to the PR at the time). Lawyers should find out.
McKinnon and Schler are gone, but this management just did the most masdsive financing that the shareholders have seen (again...past is prologue). Months later, they annouce through the AGM that they want the ability to massivlely reverse split. Coincidence?
Management at Dundee was under criminal investigation about 5 or 6 years ago. I believe one of them resigned in disgrace. Coincidence?
Our management says that they own lots of shares and options, so they are right here with us. But if a major deal is reached and they are compensated cash bonuses, then what? Then their options mean nothing. They still get paid, and shareholders have been diluted to death.
I want to see if a few more people are on board with my suggestion before moving forward.