GREY:RNKLF - Post by User
Post by
BillyBoBob1on Sep 06, 2019 11:29am
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Post# 30102442
Dilution and predictable reverse split
Dilution and predictable reverse splitIMO, RNC is not interested in creating shareholder value. I agree that continued dilution already close to 700 million shares will continue and a reverse split at this stage of their development is almost a certainty.
5 for 1 takes the share price to $1.90 and definitely a value that will not hold.
After the RS, share price will likely follow the traditional trend of over valued RS stocks and slowly descend to below $1- maybe even .38 again when you will have 80% fewer shares. That would wipe out 80% of shareholders value.
I already sold 30% to limit my exposure and re-evaluating the remaining hold.
It is a shame that management is so bad with so much resource potential.