RE:RE:RE:RE:RE:RE:RE:RE:is tudor considering 200 meter step outs at goldstorm?
Olympia
You are right, your math is correct.
The point that I am trying to make is, this is an opportunity for management to right a wrong for the longterm shareholders. If they come up with a proposal that says for example a 1 for 1 allocation, I am asking them to bump it up to 5 to 1 to correct for the past reverse split. Now i know the ratio will be based on the value, BUT i am asking that they make an ajustment that reverses the previous split. This may or may not be done, but it should be considered. That is all the point of my post, for management to consider the best terms for longterm shareholders. As we see daily, share price goes up and down, who is to say one day its worth 40 cents and the next day worth 50 cents? At 40 cents the company is worth X and at 50 cents the company is worth Y. So when you are determining the value of new company choose the "Y" figure that makes up for the past reverse split.
Thats all i am asking. Note I am asking, i am under no allusions it will be considered, but given mangements request for feedback, i have posted publically what my feedback is. That feedback and $2.00 will get a cup of cofee, but if others make the same general point - try to compensate existing longterm shareholders for the reverse split that was due to market conditions at the time and the past "legal" issue that could generosly be describes as a self inflicted wound.
thats all
good luck to all
P.S. that was a good article on KlonKin, we are lucky to have him and Dino