RE:RE:RE:RE:RE:RE:RE:RE:RE:Reverse split = smart None of those junk penny stock mining companies in Australia get any respect either. For the most part, penny stocks are for losers. The investing world knows this. Stop trying to make excuses like "look, they do it in Australia". That is a lame argument. They sell penny stocks all over the world. That is because there are foolish investors all over the world who like to gamble and lose money.
Like I said, if this company is serious about becoming a "real" mining company, then they should do a reverse split and show the market they are serious. If they want to stay a loser penny stock, then they can continue to sell shares to unsophisticated investors who will continue to make excuses for them.