RE:RE:CPG should Do What PRECISION DRILLING did.Any uptick in the share price would be momentary before negative sentiment would again drive the price back down. The only way CPG rises is by changing market sentiment. The only way that occurs is when Bryska and the board reward investors for having held shares. Other investors will come on board when they realize the company is spinning wealth out to shareholders. Anything else will be interpretted by the market as management playing more games to keep the boat afloat.
Companies that are doing well do not do reverse splits. This is a tactic employed by companies that are sinking in effort to prolong the inevitable. CdnOilObserver wrote: A 2:1 spilt would put the price above $5.00. This would enhance the margin-ability for new purchasers, and those looking to write options on the stock making the cost of shorting the stock much higher for the Shorts....