Comment by
Uraniuman308 on Jun 06, 2023 9:03pm
I voted against. Look at total compensation over the past 3 years. Ross has been grossly overpaid while the share price has fizzled. This company has been mismanaged. The reverse split will be followed by equity raises - they need money for development, and lots of it! Long term shareholders are about to get fleeced. JMO
Comment by
nplainsdrifter on Jun 07, 2023 5:54pm
reverse split always sign of poor management and impending doom for shareholders,they re being mined to pay management
Comment by
Greenday on Jun 07, 2023 6:44pm
@ nplainsdrifter - FCU is consolidating so that it can apply for a listing in the States. Your assertion that reverse splits are always a sign of poor management is hogwash. BBD for example has doubled in price since it consolidated in June 2022.
Comment by
Uraniuman308 on Jun 07, 2023 10:49pm
Greenway, your right, nothing spells success like a reverse split, LMAO! You do know they hardly ever work out for existing shareholders? JMO
Comment by
settoretire on Jun 07, 2023 10:59pm
1 in 100 work. Shareholder value is eroded BIG
Comment by
Greenday on Jun 08, 2023 12:58am
@ Karen308 - Depends on the reason for a consolidation. The absolute value of FCU doesn't change so what do you see as a problem?
Comment by
nplainsdrifter on Jun 09, 2023 7:04pm
We ll see won t we.Most post split do a race to the bottom,very few work out for the shareholder that I ve seen.