GREY:RNKLF - Post by User
Post by
pierregon May 14, 2020 9:00am
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Post# 31026590
Reverse split
Reverse splitI think an RNX reverse split should only be considered when increased production and profitability over many quarters is demonstrated: The RNX turnaround is gaining momentum as earnings have been positive three quarters in a row. Also, I believe overall market conditions matter and more specifically the Gold market. Market stability or an uptrend is preferable to a downtrend as it will convey more market buying power. Too often companies rely on reverse splits as a means to increase market cap when growth is limited and this will often have an overall negative effect on the market cap. IMHO >=50% institutional ownership with an RS: https://ceo.ca/@pierreg01599501?2508c649bc04 . Finally, possible qualification for stock exchange listing perhaps NYSE or NASDAQ?