Post by
Burnerman on Nov 11, 2017 8:11am
Reverse split
If I’m reading it right it looks like a polite way of saying it’s a 10-1 reverse split. Reverse splits rarely work. TD shows shares outstanding at 59.4 million. This should be lowered to 5.94 million after the split. If they issue more afterwards it will dilute the stock and again the shareholder who entrusted their hard earned money in this company gets screwed. Should have gotten out before the last drop. GLTA
Comment by
GAMOOD2 on Dec 15, 2017 8:39pm
Interesting, I am reading it as shareholders will receive 1 share of Terra Nova for every 10 shares you hold of Claren. You will still hold all your Claren shares plus now you have shares in Terra Nova. Not that either company is a great asset but it could be extra money if they can unload Terra Nova.
Comment by
Burnerman on Dec 16, 2017 10:25am
I wish/hope you are right. Is so, why would they give us something for free? They need cash for what they want to do. The stock price would have went up not down if they were to give us a bonus. There should be some news coming up soon to shed some more light on this situation. Hard to believe that this was over .20 cents not that long ago. GLTA
Comment by
GAMOOD2 on Jan 12, 2018 11:25am
Lots of volume. Up 72%. News coming??