RE:RE:RE:It passed - 33 000 000$alkhor wrote: Isyckle wrote: Lets hope they announce a positive balance sheet and dividends fast
After a 100:1 consolidation
Positive balance sheet and dividends - yes
100:1 consolidation - definite no
Here is why the definite no. The units have traded in the penny to two penny range for years. That is all we know for recent memory.
A funny thing happens when consolidations occur. After the consolidation, the shares rever to the the mean.
What happens, is that after consolidation, the consolidated shares trend back to the penny or two penny range, unless there is stimulation to keep the price up.
If there is a revese consolidation - and I have no issues with reverse consolidations, except that they keep costing me money.
Real estate is a sleepy business most of the time. There are very few companies in the space that are exciting. If the shares get consolidated everyone loses money.
The Shelter/Manitoba/Lanesborough management keep costing us money every time they mess around, and think they know what they are doing with a public company. Let's face facts and call it as it is - they are in over their skis.
They are NOT going to support the share price. They will let the share price drift lower, just as they have done for the past 20 years.
They are not going to issue releases to make you feel better about their prospects. Just as they have done for the past 20 years.
They are not going increase valuation in the company. With one or two exceptions they have only sold properties in the last 20 years.
The last time that this company was exciting was they first went public, and there was a board member from TrizecHahn on the board. TrizecHahn was an interesting real estate company. If they wanted to reverse split the shares, I would be all over it like a dirty shirt.
This management group is tired.
If they really want to reverse split the shares, a more thoughtful way would be to seek out a suitor that will merge with Lanesborough. When the merger happens and new management is installed. This would be the time to reverse split the shares.
Everyone is starting fresh. There is no trading history for the two companies. That is how you do it.