RE:RE:Just like that 62 cents In regard to share consolidations, in theory they should have no effect whatsoever. It does nothing to change the fundamentals or market cap.
PD illustrates this perfectly, the macro picture is improving with the vaccine news, so theres not too much interest in another round of shorting it at this point.
That being said, if a company has crappy fundamentals or if the macro picture sucks, a reverse split may lead to renewed shorting of the stock.
A share consolidation in and of itself doesn't really mean anything.
2020oilgamble wrote: So yes, a little profit taking this afternoon. unlike you, there are people actually making money on O&G stocks. We closed up 3.3% for the day right alongside WCP at 3.43%, TVE 1.09%, TWM 2.94% and TOG 1.68% and Meg down 2.42%.
So BTE right alongside WCPand you bash? Check with your family practitioner and have him up your meds.
The NYSE delisting is happening, and will save BTE money - thats a good thing
They don't need a share consolidation, so go puff your smoke somewhere else - or check out PD as they just did a massive consolidation and they are up up....not down.
Check out HNL (now DXT): Share consolidation and I am up 235% since April 21, and I'm not selling anytime soon. when the dividend goes up another 25% next spring I may sell 1/2
Anyway so much for your generizations about consolidation. I would suggest it has something to do with your poor stock picking .
And to cap it all off for you, my adjusted cost base is .311 , so go pour yourself a drink and cry into your sleeve.
Cheers!!!!!
(I think that covers and refutes all your bad points)
Unlucky13 wrote: And another 5 percent in red in the after hours market. Back to 59 cents tomorrow, profit takers are swooping in. Looks like a one off and not a confirmed rally as massive supply and lack of demand woes continue to plague this stock. Also, massive dilution and consolidation coming up soon as the NYSE delisting date will happen, to save the stock on TSX they will have to share consolidate in a 10 to 1 reverse split or 20 to 1. May see $13 a share soon but have 20 times less shares. Scary, as that almost always means a free fall back down to the price the shares were before the consolidation. So not out of the woods and I can't believe people are getting excited about a 20 cent gain after the stock lost 99 percent of it's value.