RE:RE:RE:Just my 2centsMname
I tend to agree with you and sham they nothing has to be done.
But I don't see the reasoning behind the reverse split if that is all to it except to save on administative costs as they say. Even with a share price at 25.00 or 30.00 the elephant in the room is still there with the debt and I am very skeptical that there will be much enticement in getting institutions on board.
IMO a larger float with less debt would be better perceived IMO.
But I guess we will shortly find out in june sometime if they meet that target.
MyNameIsNobody wrote: Sham - I'm with you on this, they don't have to do anything to 'fix the debt' until the first debt renewal comes up and by then they should have a big chunck of that one repaid.
I believe Eric Martel wants to see how things play out between now and then. Unless they have some sort of a 'good deal' on the table there's no need for them to move, their move is already in the cards... the reverse split.