RE:RE:RE:10:1 SPLIT
stkstroker wrote: I have been in the business for over 40 years and seen and experienced numerous consolidations. Most don't go well. I support MKO's decision and will continue to hold my stock providing they carry out the following promised goals.
- Pay off the existing debt.
- Increase production to 1000 TPD.
- Get profitable.
- Continue to buy back shares and formulate a shareholder dividend policy.
IMO, until this happens you can kiss goodbye the up-listing to a higher exchange because we will not qualify. I expect to see the stock will consolidate around $2.00 and slowly drift back within a few months. Share price should turn for the positive if they can achieve the goals listed above and successfully market the company. Preaching to and criticizing the current shareholders isn't going to do any good if there is no audience. We need some fresh institutional interest and buying.
Good luck to all!
I have only been in the investment business for 20-25 years but most of the consolidations I have been involved in the stock went materially higher. What they all had in common was FCF without the need to raise more equity to fund operations. That's the case with Mko.
if anyone thinks it's madness and wants to sell, they were probably going to sell soon anyway because it's not like Mako is going to stop making moves following the reverse split. We are just getting started.