OTCPK:LYDIF - Post by User
Comment by
Chileanmafiaon Nov 06, 2019 4:48pm
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Post# 30317787
RE:RE:760M shares out?? Reverse split almost guaranteed here.
RE:RE:760M shares out?? Reverse split almost guaranteed here.Likely a reverse split would be negative for existing shareholders. <br /> <br /> At this time there are approx 760 million if there was a 10 for 1 roll back there would be approx 70 mn shares with a share price of .60 to .65 cents. Once this happens if there is no good news the SP would likely drag lower.<br /> <br /> Financing would then be inevitable....<br /> <br /> Based on my estimates the project likely needs another $ 100mn to be completed, which could mean 200 million shares could be issued at .50 - however any new share issue for cash does not guarantee that current management can solve the political and social issues that have laid waste and ruin to this project....<br /> <br /> <br /> <br /> <br />