GREY:ALXDF - Post by User
Comment by
goldhunter11on Jul 23, 2017 6:38pm
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Post# 26499696
RE:RE:shorts?
RE:RE:shorts?M2,
What you really want is for AZX to have a share consolidition, say a 1 to 10, and the consolidated SP would be expected to increase by a factor of 10. But, in reality, if AZX did a share consolidation then the SP would normally increase (sometimes not by a factor of 10, but it could be a bit less,...then the SP would normally drift back lower. Is that what you would like to happen so you could buy in low?
As I, and many other posters, have indicated in many occasions, it's the market cap that is important, not the SP. If you don't like the high share count, then ignore AZX, walk away from it, why bother singing the same roll back tune over and over again.
May be you should have a chin-wag with Eric Sprott and ask him why on earth he was sinking his own $2M (yes it's a significant sum of money) for 33.3M shares of AZX to own ~7% of a company that has a 580M share count. This is not all, he also has an option to spent a few more $M once his wts are exercised, another 33.3M shares? Did he get bored and just wanted to burn some of his money for fun?
There is a strong possibility that Eric Sprott does not give a tinker about share count, lol.
GH