Resource Capital Gold Corp GDPEF

Forget a 10 to 1, sell to Atlantic Insiders

[damianchosenone]

They then have a new CEO and shareholders can make 7 cents share. Would any of you not take 7 cents a share if it was offered to you tomorrow? That is 70 cents 10 to 1 consolidation.. no thank you! Atlantic has the money to move this forward and if you want you can buy shares in the new company later!

[LeftBook]

two different plays. question is which is the best? scenario A. 10:1 Pro: 15.2c/sh doubles the current book value of 7.42c/sh so current shareholders get rewarded if price moves to book value. Cons: The current shareholders have a much smaller percent of the $89.2M pie. They are diluted significantly from 10,000 shares per 175M shares to 1,000 shares per 217.5M shares. The market may dislike the

[LeftBook]

unfortunately the previous post was nonsense.   15.2c/sh doubles the current book value of 7.42c/sh in per share price only. The shareholder has 1/10th of the shares.   eg before 100,000shares * 7.42c/sh = $7,420   after 10,000 shares * 15.2c/sh = $1,520     === reminder to self cross the i's and dot the t's and keep your eye on the

[damianchosenone]

Let's forget numbers and consolidations! let's get a sale for 35 million and take the 7.5 cents per share!

[LeftBook]

$35M ? your price dropped from $40M+ (11.1c/sh plus) $35M assets - 18.3 liabilities - 2.2 SISP = $14.5M shareholder equity 14.5/175 = 8.3c/sh

[damianchosenone]

I'll take 8 cents in a heartbeat; so would everyone else that I know! You consolidate current shares with another company merger at 10 to 1 and that is equivalent to 80 cents. That wont happen for a few years, if it happens at all! would you not take 8 cents?

[LeftBook]

Consolidation by itself is meaningless. It won't take longer to reach a given mark because the mark is also repriced. === Dec 2018 numbers $31.3M - $18.3M = $13M If you owned the whole company and sold it for $31.3M You would have $13M. No one would care how much consolidation you did. $13M/175M shares = 7.42c/sh $13M/17.5M shares = 74.2c/sh $13M/13M shares = $1/sh $13M/1 share =