Acadian Mining Corporation ADAIF

Happy I just purchase 250000 shares at 0.07

[markthebanker]

Well looking at the press releases recently it looks like new management wants to pump this Gold company up. Has anyone spoken to the company about how they plan to reduce the number of shares outstanding?


Here is the Link to the original article.
https://www.theglobeandmail.com/globe-investor/news-sources/?date=20100304&archive=cnw&slug=C6844

[YeOldGoldNugget]

I think new management is well aware of the outstanding shares issue!How they are going to solve that is anyone's guess but there are plenty of options to take.It certainly doesn't look like new management is sitting idly by doing nothing...SO that is a good thing!Cheers.

[markthebanker]

I do worry about the float at 491million shares, because I do not want a reverse split on the shares I bought. It is likely in my opinion that a 10 for 1 reverse split makes sense for this company that will bring the float down to 49m and the shares valued at 1.00 based on prices today. If that happens it could allow the company to dilute the shares again to raise more cash which could hurt the

[ingles]

50 to 1 Reverse split is a must

[markthebanker]

Why do you say that?