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Bullboard - Stock Discussion Forum Electra Stone Ltd ELCGF

Electra Stone Ltd is junior mining company based in Canada. It specializes in the development and exploration of industrial minerals and dimensional stone. The company is in the process of mining the Apple Bay aluminum silicate quarry located on Vancouver Island near Port Hardy, British Columbia. Electra operates through two segments being the Mining and Exploration of industrial mineral... see more

GREY:ELCGF - Post Discussion

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Post by labrador6 on Jul 12, 2018 5:22pm

Damage

I hope that there are no shareholders who have a damage at present cause they cannot sell their shares.

If it is the case, someone somewhere is responsible.
Comment by buystone on Jul 13, 2018 12:08pm
When we open  security account to buy stocks we all signed RISK statement, the responsibility is on every investor. The real damage will happen only when ELT declare bankrupcy. Now there is a hope, won't be too long, 30 days ?
Comment by labrador6 on Jul 13, 2018 12:33pm
No buystone, the real damage is when your friends sold their shares at  1 cent (at a lost) when they think that the sharehoders voted FOR the rollback up to 20 for 1 and know only 1 and 1/2 month after the annual meeting that finally the shareholders voted AGAINST the rollback. To have known that before they would have never sold their shares at this moment at a lost but waiting at the end of ...more  
Comment by buystone on Jul 13, 2018 3:22pm
Only the insiders will sell at 0.01 or 0.005 (3M shares) who knows the rollback 20:1;  How long you think ELT will be halted/suspended ? three weeks? one month ?
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