RE:RE:RE:Nice trades on the PIK Notes, if they are legitThey proposed a reverse split about a year and a half ago and withdrew it before it hit the floor of the AGM because there was overwhelming opposition from many including myself. I still hold that view. The share price will recover. Consider a reverse split sure maybe once it hits $2 but not now.
Oaxacan wrote: Thanks for the confirmation.
There are a lot of reasons to not like Sherritt, the penny stock share price, the 2020 one-sided "restructuring" and a history of misallocation of capital being a few.
Perhaps the company should consder a reverse split to go along with the buy-back of the notes? Those two together might generate some interest from some small cap funds.
Par in a year works for me.
Happy New Year!