RE: Yep, as I predicted, Coral wasThe stock is now in puke zone at 11.5 cents. Look at the three-year chart at www.stockcharts.com (click on free charts to see the magnitude of the present price plunge. Stockhouse charts only give the price since consolidation. It's easy to keep track of the old price at the 10:1 reverse. I have lost so much that the stock gets kicked into the corner until tax loss season when, who knows, it maybe then in the 3-5 cent range.
So much for the strategy stated in the July 7 NR: “As explained at the shareholders' meeting, the share consolidation is required in order for the Company to obtain access to the additional financing through institutional type investors in the United States and Europe, which will be required to expand the gold resource at the Company's Robertson Property”.What institution would want an illiquid stock currently in a death spiral in regards to its stock price??
The situation could be a modus operandi to shake out weak and frustrated hands.