RE:RE:RE:RE:New Press Release - Candente Copper to Webcast Live at VirtualInvestorConferences.com on May 3Grotesque is forcing a 4 for 1 reverse split so they can issue more shares to get the resource proven. They are not contributing MUCH financially. The reserve split will allow them to run the outstanding shares from 78million back up to 300mollion by financing the drilling and paying salaries. The company is starting over with a fresh batch of paper to pay for everything.
Next step will be for Fortescue to increase their share count till they get full control.
The existing shareholders have gotten it up the tail end.