"Financial Engineering"This morning I received an invitation to vote at Nickel Creek's 2024 Annual and Special Meeting. A quick look at their meeting materials revealed their main concern is NOT how to move the project forward or what they might accomplish this year during the accessible summer season in the Yukon but financial engineering of the share price.
"At the Meeting, Shareholders will be asked to consider, and if deemed advisable, approve an ordinary resolution authorizing the Board of Directors, in its discretion, to complete a Share consolidation on an up to 200:1 basis, with any precise consolidation ratio to be determined by the Board."
Yup, share consolidation so they can have room to yet again erode the price.