Good point.
But if you are talking about value added or value lost in regards to the role back and subsequent dilution of a stock, it should be done at the price at the time of dilution, not the price when you bought it.
Indeed are we talking about the same company.
Just an observation: If we are talking about value added or value lost in regards to the role back and subsequent dilution.
Role back: .07 at 18 to 1 is 1.27 cents
Dilution: 50 million shares to 111 million so lets call that 18 to 1 a 36 to 1 or $2.52 per share
Price of gold: 3 years ago $1250 today $1700 a 36% increas in price now stock price doesnt alway follow asset price but if it did.
18 to 1 $1.27 should be 1.72 cents (not accounting for dilution)
36 to 1 $2.52 should be $3.42 ( accounting for dilution)
Those are roughly the prices that ESM would have had to have held in order not to lose any value in the last 4 years or so.
Does this have potential sure but lets be realistic and not turn a blind eye to the situation.