Post by
BearBullBrian on Jul 18, 2014 10:09am
Say no to another reverse split: It's a scam
https://www.stockhouse.com/news/newswire/2014/07/18/ivanhoe-energy-t-ie-pushes-for-consolidation-to-maintain-nasdaq-listing
At the time of the last split I went on record saying that the stock would return to the price before the split, which is often the case for reverse splits of this nature. The "Maintaining the NASDAQ listing" excuse is a smokescreen. It's a way that stock promoters have of taking a failing stock to zero without appearing to do so. Having stripped current shareholders of their money, they look for fresh meat with what appear to be a respectable stock price.
Ivanhoe must now produce or get out of business and relieve us of our misery.
BBB
Comment by
sethro on Jul 18, 2014 10:40am
What is the reverse slip or consolidation proposed? 5:1 ? 10:1 ? Do you know?
Comment by
pennytrading on Jul 18, 2014 3:12pm
I'm really happy to buy my first stock of this compagny at 0,26$ this morning Thanks to all the sucker who sell them to me :)
Comment by
rad10 on Jul 23, 2014 8:23am
Sky - if you can get anything out of IR - please let me know. They don't answer emails and phone goes to voicemail.
Comment by
skygarden on Jul 23, 2014 9:36am
If I do get a response I will be as surprised as anyone, but on the odd chance I do I will certainly post their reply.