GREY:EDYYF - Post by User
Post by
stormnpon Jan 06, 2021 5:32pm
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Post# 32238468
AGM Jan 19th 2021 is the day
AGM Jan 19th 2021 is the day From watching our SP for the past while, I hope a marjority of us agree that we really really need to reduce the amount of shares. It is painful to watch all other shares grow like crazy upon good news except our shares. Why? A lot of those stocks doesn;t even have any revenue yet. We have upcoming revenue backlog.
The market shows that having between 150m and 80m shares would be the right armound shares to have. The end goal is to significantly reduce the amount of shares. Due to the company is not in a postion to buy back shares, the next best alternative is to consolidate shares. I would say 5:1 or 4:1 even 3:1 revese split will do good. Eventually, less shares will be in the hand of day traders. The share will hold its value. Price will finally go up.
We need to act in the coming AGM to make sure it happens. General public controls 87.5% of shares. I don;t know who has the final say, the board or the general public. Anyone knows? If the board has the final say, we need to write to John Gambie, Bruce Bent and David Woolford, the three board members before the AGM.