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Bullboard - Stock Discussion Forum Foremost Clean Energy Ltd C.FAT

Alternate Symbol(s):  FMST

Metals & Mining Industrial Metals & Minerals
Foremost Clean Energy Ltd, formerly Foremost Lithium Resource & Technology Ltd., is a uranium and lithium exploration company with interests in 10 prospective properties spanning over 330,000 acres in the prolific, uranium-rich Athabasca Basin. The Company also maintains a secondary portfolio of lithium projects at different stages of development spanning over 50,000 acres across Manitoba and... see more

CSE:FAT - Post Discussion

Foremost Clean Energy Ltd > OMG, seriously?!??!??! its even worse than I predicted!
View:
Post by KozmoT on Jun 28, 2023 1:22pm

OMG, seriously?!??!??! its even worse than I predicted!

"...the Company proposes to consolidate its common shares on the basis of one (1) new post-consolidation common share for every 50 pre-consolidation common shares effective as of July 04, 2023 (the "Consolidation"). The Company has July 05, 2023 as the record date for the Consolidation (the "Record Date").

In one fell swoop they just royally screwed every existing investor!!!
Comment by morrisminiman on Jul 01, 2023 12:46pm
Can't disagree. This move could be very good, or it could be very bad. Its a crapshoot. Rules on the NASDAQ are that they need an ititial $5 share price. but that can drop to $1 before they get punted from NASDAQ. which makes my shares with a cost of .14 worth pennies if even that  (im really too depressed to even do the math). Having said that, if the move brings in new investors and the ...more  
Comment by Martyboss on Jul 05, 2023 10:00pm
How a bout at $8.00 Wow  who or what is pushing this up nto the $8.00 range
Foremost Clean Energy Ltd
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