EnviroGold Global Limited. C.NVRO

Consolidation, plan, end game

[FordVictoria]

I had a talk with AB this afternoon this is my take, consolidate to have small float of shares to deal with the debt which I guess there will be an exchange of shares for debt my take again this will bring the float to 16-18 million shares (but still XXXXOntario inc is controled for AB) so much control like if they will take this private one day, far from now of course. Then RGO is ready for the business or whatever it is they are going to do but I have the feeling is going to happen soon.
I would have done things  a different way if possible. First deal, momentum for the stock, then RS at higher value. Let's see what happens.

FV

[Danorrn]

Doing it his way allows for all of us holding shares at .005 and those who recently bought for pennys not to get too badly burned by a 200:1 rs. The RS had to happen so how angry would people be if they had poured tons into it?

[peter77]

So with no deal in place they still doing RS?   Doesn't sound too good anymore.

[Zimmee1]

https://ca.finance.yahoo.com What is the purposes of these split 1-200 or consolidation? Are they positively good for the shareholders? Thank you. Have an excellent trading day! Range Energy Announces Share Consolidation   Range Energy Resources Inc. Mon

[singlefile]

In all my years I have never seen a positive result come from an RS. Generally they are 10-1, this is 200 -1 - it's crazy. And 99% of the time they are doing it so they can issue more shares and borrow more money (shares going to the lender). This will hit the market at a $1 - it may wiggle around for a week or two but will soon drop.. remember $1 = 5 cents - you've lost money once it

[Danorrn]

I've been on the sad end of RS as well SF and thought they were all bad until a recent investment. I wont promote it on this board but so far the RS has not been bad for the stock and actually made it go up after people started noticing it.