Everything great but the rollbackI am vehemently against the 100 for 1 rollback. The float is currently around 100 million shares. That is a reasonable number. 1 million shares is too small a float. Investors may shy away from investing in a company with such a small float.
The company has a great story to tell, for the first time in many years, and it is probably in the best shape it has ever been. With a little bit of marketing/investor relations effort, the stock could see its trading volumes improve and its stock price appreciate.
It is much easier for a $.08 stock to appreciate to $1 than a $8 stock to appreciate to $100, espoecially one that is traded on the TSX Venture exchange,
Rollbacks, more often than not, result in the stock price dropping.
A rollback of 100 for 1 may hurt liquidity, the stock price and the ability to raise equity in the future should the need arise.
Management has done a fantastic job saving the company from disaster and has been releasing some extremely encouraging news lately. This excites me. I would much rather see a strong effort to get the story out, bring in new investors, bring back past investors and get existing investors to add to their position.
If the stock used to be over $1 and actually got as high as $4 (albeit based on significant hype), then it means that the stock has the potential to get their again. If the story is getting better and better, the chance of seeing healthy appreciation should just get better and better.