GREY:VITFF - Post by User
Post by
BillyBoBob1on Sep 18, 2019 3:22pm
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Post# 30140435
Gold Pour
Gold PourGold pour was a bit of a bust., Day after and share price fell.
The proxy I received this week asks to approve a 1:15 reverse split which will put the stock price up to about US$7. They should have at least waited until price hit $1 to ask tor an RS vote. I think they are so desperate to sell more stock and dilute sahreholders more and more and more.
Post split the price should fall 50% to uder $3 which will destroy 50+% of shareholders.
This follows the horrible financing deals which gave majority of upside to financiers- not public shareholders. I sold 65% of my shares then.
Yesterday, I sold the rest of my shares before today's price drop.
Bad management can ruin a good gold resource. This management made a mess of everything.
I will wait on the sidelines for prices to drop after the reverse split to consider if I should get back in later.
Maybe if Victoria perfoms bad enough, they will get new management.