Advanced Investing 2.0
Listen up class...Reverse splits are for companies under distress and have to rollback their shares in order to raise more cap. so they don't have to issue a zillion shares for 2 or 3 cents on TSE or TSX-V. On the other hand, a healthy company such as Apple splits its stock because its god-damned stock is too high - a positive for the stock. GOT IT !!!!..On Dec. 31, 2015 , COP had 159 million shares out with a MARKET CAP of $3.1 million at $0.02 or 2 pennies. Whereas, a year later, on March 31, 2016, COP's outstanding increased to 483 million with a MARKET CAP of $72 million @ $0.15. (SOURCE Sedar) Question: Which is better, COP with more outstanding shares worth $72 million or less shares worth $3.1 million ??? The f@cking Greenstone Resource LP is a bottomless money well and COP can go there for funding at will. Greenstone holding 61% (presuming full subscription) and management holding 5% (after dilution) and pro-groups and institutions holding 10% (after dilution) have a combined holding of 76%. This stock is rigged for the PP and will pop with drilling to commence or already started in Marimaca...There will be a quiz latter for people who failed Investing 101.