Cantex Mine Development Corp V.CD

Stock price back to future

[Oregonduck]

Astounding, prior to massive sulphide discovery, spectacular drilling results and hosting rumored 20 million tonnage, the stock price is now back to 2018 pre-consolidation level of one-and-half cents.

"...consolidate the issued and outstanding common shares of the Company on a 10 pre-consolidation for 1 post consolidation basis (the “Consolidation”) and concurrently therewith proposes to undertake a post consolidation private placement to raise gross proceeds of up to $1,750,000 (the “Offering”).

The Offering will consist of a combination of flow through and non-flow through units priced at $0.15 per unit, with each unit comprised of one post consolidation share and one warrant entitling the holder to acquire a non-flow through post consolidation share at a price of $0.20 for a term of three years."

[Canbea]

I have found that companies that do massive rollbacks usually find their way back to the pre rollback price. These are labled as junk companies. Which is where this one fits in at this point in time. The only real tiime the share price increases is when Chuck increases his % buying in the open market. Usually just before more dilution.  Where do we go from here? We need something from the

[Massivesulfide]

I guess the only saving grace in this discussion is that the company might be worth closer to $.30 for somebody buying a tax loss carryforward. This reminds me of the days when Eaton's was picked up by Sears in liquidation. It is worth more dead than alive. $100 million dollar and counting in losses are worth something to a company with profits. 

[MassiveisKing]

16 cents, 10 cents what's the difference? The difference is very simple math. Move the decimal to the right twice on the $0.10 and you get $10 bucks a share!