A bit of MathI'm hearing that we will be rewarded for being patient.
So here goes,
End of August 2017, shares of EV were consolidated 7:1.
Assuming that someone patient would have bought some shares before the consolidation, how much would those shares be worth today for a reasonable return?
Two assumptions:
(1). Average cost of theses shares pre-consolidation was 7 cents - Very conservative estimate but let's work with that.
(2). Investing in a TSX-V stock is a high risk adventure so you would expect that the return would commensurate that risk. But again, let's be conservative and use the S&P average yearly return over the same period - Again a very conservative estimate.
So, how much would one of these shares be worth today based on the above?
The answer might suprise you......
Would you agree that this is a very conservative scenario?
Stick to facts and show me how longs will be rewarded and I'll stop posting on this board.
How's that as an incentive !!
Come one Mawworld, Minepic, BB, Lanny, tmp.