RE: Eurasia Gold Bull $503.90 - Start To Move -Hi Scipper.
You should not join in unless you feel it is the right thing to do.
personally I have rarely seen anyything positive (for the shareholder)come out of a reverse split.
I would like to believe you are right about their management but for years with this stock I have never seen them work in our best interests.
They need to invest in marketing and public relations to get this thing up not consolidate if they want to benefit from higher share prices.
They are a gold producing company with gold over $500. They have exploration potential for years to come. what is this thing doing at its current level of .06 to .07 cents. Non producing speculative stocks are trading a lot higher thatn this.
They want to increase the shareprice by consolidating to benefit from what ever they can from a higher exposure but they don't want to invest a stratagy of awareness and get the investment community to take interest in EGX.
My perception is your .07 share will go to .70 with 1/10th the quantity of units. Your .70 cent share may move up a few pennies to test for any interest. The value will not change enough for longs to get out and it wil quickly go back down to .45 (half of its value
It has too much room to move and no one to protect the share price. EGX management sure hasen't tried to protect the price even at a dime. What are they going to do at .70.
They need to provide updates on their exploration objectives and how they are going to achieve those objectives and draw interest to themselves. They have the value, they can still acire Charaltn at a 1 / 2.12 ratio. Why consolidate and convert at 1 / 21.2.
Why are they tring to leave Charaltyn shareholders out of the vote if they actually would own 93% of the post consolidateing post acquisition shares.
Have you ever experienced a positive return after a reverse split.
In any case all the best. In any case I hope we can all win something back here.