Post by
wildman2 on Jan 22, 2011 9:27pm
Absurd Overreaction
Some of the posts here are completely and utterly absurd.
The resources in the ground remain the same no matter how big the share count.
A stock split does not change the intrinsic value of the company.
You'd think they had some driling results and found some dust and some tumbleweeds.
the CEO needed an excuse for the fianncing not coming in so he found one. I don't agree, but the intrinsic value of the co. remains the same.
Comment by
goldengirl20 on Jan 22, 2011 9:49pm
You are NUTS first this not a split it is a consolidation, and if you know anything about the markets you would know this does have a dramatic affect on share price.
Comment by
Rambo007 on Jan 23, 2011 9:47am
Maybe MF will drive the SP price down to 5 cents again after thr R/S and will still do the PP at 5 centsThat would be a double wamy for Reed
Comment by
Rambo007 on Jan 23, 2011 9:51am
I guess CDO will go for a PP at 5 cents after the R/S since they only have 5 million shares..They could aford a bit of dilution at this point....Instead of a PP at 5 cents with 80 million sharesToo shady for me
Comment by
Rambo007 on Jan 23, 2011 10:06am
Just kidding I have to agree with crash's postGood luck all