RE:Post-Consolidation Price?Cant start at $6 unless the price was$2.It usually goes by the shareprice at close on the selected date..which is shortly. It could go to $2 but it doesnt appear so.
On the lighter note,SPE was hammered not because of the consolidation,but the collapse of oil itself.The people that sold based on their false fears will regret selling in a year from now..thats my guess.I go so far to say anyone that sold a Canadian oilco ..will regret it in the next year.
This company has nothing in common for the fears of a reverse split when compared to others that I've owned in the past.....nothing.
Proof is in the fact of the shareprice itself.The company's I've owned in the past suffered (fron reverse split) %500- %1000 loss in shareprice BEFORE it occured.
SPE hasnt suffered because of that.I look forward to the day we trade higher..It will end the BS on this BB from punk kids that buy and sell a couple shares a day and brag about it.
At $5 plus a share institutions will buy...because many arent allowed sub $5.
And thats too high a price for our resident punks..lol.