GEOLOGIX EXPLORATIONS INC V.GIX

Acts of desperation

[2investorknot]

Today's announcment of a proposed 10:1 consolidation and name change is an act of desperation and another nail on the coffin.  More dilutive private placement will have to follow.  Years of continued expenses with little action has determiined the fate of this company. 

Its simply a tax write-off at this point.  Certainly not unexpected and I wouldn't waste your time or energy getting upset or fighting the inevitable.  My time to move on....

[joe]

Well we all knew this was going to happen. Not going to make a big difference IMHO other then slowly erode more value from the beaten up shareholder. However I think a more fitting name would be Sin Habilidades De Gestion Resourses. Brutal!!

[edmed]

Consolidation should bring the share price to 12 cents by the time it happens. Then the price will drizzle back down to 6 cents at which point they will  try to sell 50 million shares . This investment is all but gone for existing shareholders The name change of the company just makes this all the more apparent that it will be as though we had a bankrupt company whose empty shell got taken

[joe]

Hey edmed I think your right that this will likely consolidate at that range. we hit .02 today so we are almost there. You would hope that since Kiran is the one responsible for this new 50% haircut with the last news release that he would step up to the plate and buy some..... show some support. Perhaps he and Gilligan did buy a couple thousand each?? I highly doubt it though. I have juniors that

[edmed]

yup This is so typical of companies where greedy management care more about their control of a  resource and paycheques than doing what is best for the company and shareholders. One would think that there must have been better offers on the table these past two years than what we as shareholders are facing now ......which is total obliteration of our stock value. Why would management be

[Earlyone_1]

Make no mistake..... these azz holes have financed the shyt out of this stock.....a consolidation allows them to continue to do the same thing, line their pockets with cheap shares and options while destroying value for the retail investor. Why they are able to get away with it is beyond me.

[Earlyone_1]

I owned a junior uranium explorer several years that did a 10 for 1 consolidation....trading at .10 cents. The share price was at $1 post consolidation but it didn’t take long before it dropped right back to .10 cents. And of course the management criminals started to dilute the cr@p out of it all over again......BYU anyone ?