Fission Uranium Corp T.FCU

Reverse Split Experience

[geoinvested]

My only personal experience with reverse splits was on a company that did a 200:1 split. In all fairness, the stock was a penny stock (@ $0.05) and had been struggling for a few years, but the upside potential was interesting. The reverse split took it to $10.00/share. The reasoning for the split was similar to FCU's, in hoping to open their trading to amercan markets and increased interest. Upon the date of the split, the stock started its race to get back to the pre-split price. I bailed about half-way down on its free fall to the bottom. That stock is no longer listed I believe.

Am I a fan of reverse splits? You tell me! :(

[HavingFun]

EU did it.  price has never recovered to the original reverse split level.  but i think?  all of the uramium stocks came off after that time???

[Greenday]

@ geoinvested -  The price direction taken by a stock that consolidates depends on its own circumstances.  I agree that many stocks consolidate and then decline after the consolidation but the reason for the decline is due to some factors besides the consolidation.  A consolidation is the end result of a price decline from the stock's circumstances - and not the other way around

[settoretire]

Potato/Potato  99 out of 100 rs screw the shareholders. FACT, not fiction 

[Uraniuman308]

greenday, if consolidating solely for the purpose you suggest management would only be looking at 3-5 for 1.  The 15 for 1 suggests they want/need to get the float as low as possible for MASSIVE dilution through the equity raises needed to move this project forward.  They have no other option based on the ridiculous off take they signed and numerous "mis steps" they've made

[Greenday]

@ Karen308 - FCU could stay soley on the TSX but why?

[199930]

Because of poor management the share price has performed poorly.

[Greenday]

@199930 - Maybe you should be hired by shareholders if you know something about management.  Do you know how to make an application to the Provincial and Federal nuclear authorities for starting a uranium mine?