Post by
coeurr on Apr 19, 2012 5:15pm
split re goldpet
goldpet re a rev split I owned queenstake resources when Dickinson (who is still with yng) then the pres did a 1 new for ten old split. I still have $5800. in yng @ a post price of 5.80 with a value of $320.today. Now they have 931 million shares outstanding and lots of debt. Have a look at what wheeler did with CDE coeur de lain . In my other acct my cost is down to 0.80 cents and I am trying to trade my way out of it before anthing happens. It may not BUT im out on the lim and I would rather not be.Oh by the way I owned CDE also. Seems to me these reverse splits have my number
Comment by
romara on Apr 19, 2012 5:40pm
coeurr....I was there likewise....back in 2003...went through the backsplit...price drop to 2 cents.....I bought back in at those low prices....ended up with 210,000 shares...sold them all out last year...then bought back in cheap.....now I have to figure where I am going to get the extra money tp pay my income taxes for 2011.....Richard
Comment by
goldpet on Apr 19, 2012 8:20pm
Sorry to hear about your misfortunes. Anything is possible I suppose, but IMO even with all the outstanding shares YNG doesn't have to do a reverse split. They just need to stick to the gameplan and get things turned around. I think the shares will head higher if they can make their numbers going forward.
Comment by
downer27 on Apr 20, 2012 6:03pm
you will likely be able to eliminate your gains in 2011 with losses you will incur in 2012 on this stock, pouring gold and losing money.