Cline Mining Corporation T.CMK

Roll Back

[aatwal]

When the dust settles there will be a reverse split of shares say 10 for 1.  If everything goes to plan, there would be over 4 billion shares outstanding!  At 0.02 gives a value of $80 million to Cline. And at 10 for 1, the float goes back to 400 million.  I think this was the plan all along with Bates, Management, and Marrett IMO!

 

There is a tremendous risk, that after the rights offering Cline will come up with $35 million IMO, and it could be that current shareholders will be left with less than 10% of the company in the end.  Way more uncertainty with CMK now than ever before, and that is why you are seeing alot more Retail investors buying up Cline right now who may exercise their rights.  But no bigger players!

[shane117]

aatwal, who cares if there is a reverse split? It doesn't mean the shareholders would make money off that or that their current shares would be worth more. As the reverse happens, so does the amount of shares you own. The shares roll back 10x the amount but so do your shares.