GREY:COTQF - Post by User
Comment by
XRRH2008on Jun 23, 2017 12:41pm
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Post# 26398389
RE:heads out of our asses
RE:heads out of our assesWe most likely do take a big hit here. We already have. Months of taking hits. And a share consolidation not tied to a major event is NOT smart management. It signals a lack of strategy and a lack of capital markets knowledge. You do these types of things when you got nothing left up the sleeve to create shareholder value. She's not making room for institutional investors by doing a consolidation. She may think she is. But she sadly does not know how it works. PMs are bound by minimum market cap constraints. Targeting US institutions? Minimum market cap for many PMs will be $200 million. Share consolidation will increase the share price temporarily (only because you are multiplying it; and only temporarily) but does nothing to increase market capitalization. This lady needs to go to school!