Post by
Ricnat on Feb 13, 2017 4:18pm
Bottom line !
Coincidence... due diligence before the end of the year ! It was done considering the management rollback announce... they finally told that financing was required but at a higher degree. Name change... why ! Because actually it is meet their next move... and they cannot confirm because LOI is still in force... consolidate at 25 for 1 is a sign of something big... and doing it at this level is great... proof is the SP remains ! Effective on friday... of course to make sure that any news following it should be on Monday ! I will buy tomorrow at 0.025 and hope to get some.., I maybe wrong but they won't be first to do that good strategic move ! GLTA
Comment by
PositionTrade on Feb 13, 2017 5:00pm
I checked similar situation, when they accumulate (after roll back) the NBPP was at much lower price. e.g. C.MY; (4c ---- 10 for 1 ---- PP12c= 1.2c/sh)
Comment by
bmorganstock on Feb 13, 2017 7:04pm
Who is gonna buy a share at 0.50 cents (0.02 *25= 0.50 ) after consolidation? At least the company must have strong argument for that... GLEO
Comment by
bmorganstock on Feb 13, 2017 7:48pm
I have experience with consolidation ABR( Ashburton ventures), just a couple weeks ago. It was 10 to 1. Everyone was selling trying to safe money. So, after consolidation , from 10 cents it rise almost to 20 cents. I had bought my with 0.015 before the consolidation. ABR has good projects, always answers... Keeping inform... Trying bring more value.. I don't know if CRU can do it.. TNX.