GREY:RNKLF - Post by User
Comment by
BillionaireBoyon Oct 18, 2019 11:43pm
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Post# 30246539
RE:Consolidation
RE:ConsolidationFIRSTGMAN wrote: What would the expense be, to the company, of doing a consolidation of 2-1?
GLE
They are not going to consolidate! First of all it would damage their reputation further. Secondly they need a wider base of investors while they are part of the Gold index. Third, if they had the cash they could institute a 20% normal course issuer bid and bring the share level down from 600 million to 480 million. Fourth they could strike a deal with Sprott or other large shareholders to purchase their shares and strike them. Only a shorter would talk about a reverse consolidation at this stage. GLTA RNC Longs.