GREY:COTQF - Post by User
Post by
XRRH2008on Jun 23, 2017 9:12am
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Post# 26396795
The board of directors needs to resign
The board of directors needs to resignThey have not been effective and clearly have no idea of how the capital markets work. Reverse splits without game-changing news quickly erodes shareholder value. Plus their rationale for doing this clearly shows they don't know what they're doing. Any fund manager or portfolio manager will see through the reverse split - its just smoke and mirrors to make them look like a bigger company due to their (temporarily) bigger shareprice. But their market capitalization doesn't increase as a result of the reverse split --- in fact it will most likely fall once the shares will most likely start falling back down towards 25 cents within short time after reverse split. The board needs fresh blood. And replace the new management with qualified management.