ESO Uranium Corp V.ESO

Has anyone ever seen a reverse split work

[wdr2]

I shure haven't ,but its a great way to wipe out the retail investors.

wdr2

[Kwikwi]

Just read today's news 10% on a loan yearly +the 1,000,000 shares bonus is nice. Is it before R/S or after R/S? In these conditions, I have money to lend. I am happy I am not in. Just lurking for the right time after the R/S  

[pitbul13]

Good move on their part. They dont dilute shareholders and can hopefully raise more money at more favourable terms when the markets recover.   Kwikwi, 10% is normal in the exploration industry due to the risks involved. 8%-12% is the norm.

[Kwikwi]

What about the 1,000,000 shares x .03= $30,000  1,000,000 after the RS? x .30= $300,000   or after the Rs will it become 100,000 shares?   Quite a difference  

[pitbul13]

VANCOUVER, Oct. 31, 2012 /CNW/ - ESO Uranium Corp. (TSX-V: ESO), (the "Company" or "ESO"), announced that it is proceeding with the share consolidation, on the basis of ten (10) old shares for one (1) new share (the "Consolidation"), as was approved by shareholders at the Annual and Special meeting held on October 12, 2012.  As a result of the Consolidation, the

[pitbul13]

You're right... contact the company for more info.

[wdr2]

Standard practice .Do a R/S and change the name.Next the board members will start resigning to move onto other opportunities.Page three of the how to make money in the venture exchange without ever producing squat. wdr2