OTCQX:GLDXF - Post by User
Comment by
Heywood_Silverson Sep 26, 2017 9:38pm
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Post# 26745767
RE:RE:When the dillution
RE:RE:When the dillutionMack, let's offer full disclosure on the company having done the roll back screw the shareholder thing before: When they acquired PNO Resources in 2015 the rollback was in conjunction with the takeover so as to not bloat the sharebase at that juncture.
Personally, I am giving them a pass on this one due the circumstance - and you know I follow the stocks quite closely so you should feel comfortable giving them a pass also. This stock is on my short list (a very exclusive list if I do say so myself), so don't worry about it too much.
PS a normal share rollback is usually in the vicinity of 1:10 or 1:5. SSP's was only a 1:3, which indicates the rollback was not the primary motive of the acquisition but rather a byproduct of it.