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Bullboard - Stock Discussion Forum Gold X Mining Corp. GLDXF

Gold X Mining Corp. is a Canadian junior mining company developing the Toroparu Gold Project in Guyana, South America. Gold X has spent more than US$150 million on the Project to date to classify 7.35 million ounces of Measured and Indicated and 3.15 M-oz of Inferred Gold Resources, develop engineering studies for use in a feasibility study, and define a number of exploration targets around... see more

OTCQX:GLDXF - Post Discussion

Gold X Mining Corp. > name change and share rollback
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Post by Heywood_Silvers on Oct 30, 2019 8:00pm

name change and share rollback

I am neutral on the name change, it isn't horrible but it doesn't knock my socks off either.

As far as the rollback goes, in a rising market they obviously don't have to do this out of desperation ala the companies trading at a few cents or less during the depths of the correction a few years ago.  I'll take their rationale about wanting to make their shares more marketable to international investors since many mutual funds do have restrictions at buying shares of stock listed below $1.

Regardless of what any of us retail invetors feel, the big boys (aka Gran Colombia and Guistra) control where this ship travels and they have much more skin in the game than we do.  Considering the shares jumped a bit on heavy volume the market hasn't reacted negatively to this news.
Comment by silverfreakynew on Oct 30, 2019 11:44pm
I can't understand what you're writing here. And the management is putting more and more shares on it. The price is being manipulated down and options are being distributed to the leadership at will. Basically, they've been using these tricks to devalue the shares of small investors for years.
Comment by ikny on Oct 31, 2019 10:50am
i can understand giving warrants to directors, but the sweet deal to Guistra and grand columbia is shameful..they didnt contribute anything, and the warrant execution price was ridiculously a give away
Comment by ikny on Nov 04, 2019 12:33pm
sshare roolbacks very often do not work..if nogood news comes out the new shares start to decrease in value and decrease would be 8 times the old shares.
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