Allied Copper Corp Com SGRWF

RE:The way it’s trading

[whosebid]

I agree.  No need for a 10 to 1 consolidation with only 39 million shares outstanding.  It's baloney that they can't do a placement at current prices.  The TSX has allowances for financings at 2 or 3 cents a share.  Let's just wait and see how many insiders and how many shares they buy in the post consolidation financing.  It's obvious there is selling and pressure on the share price to push it lower for a cheaper price after consolidation.  Everyone who bought at .025 and .03 or higher will be screwed.  If they keep this at 2 cents until consolidation then the post consolidation price will be .20.  Of course like 99 percent of consolidations there will be selling down to .15 and the financing will be probably done at 10 or 15 cents.  And there you have a pile of cheap paper for the insiders etc.

If the reason they gave for the consolidation was true....to attract money for a financing then it would make more sense for them to try to push the share price higher pre consolidation.  Wouldn't it be more attractive to have a post consolidation of .30 or .35???  

Thanksforplaying wrote: Financing will come in at 10 to 15 cent range.  Or maybe they price it pre rollback.  The big offer at 2 cents is insiders who know they can buy back via pp at a cheaper price