Post by
IsitTrue on Dec 03, 2021 2:23pm
Now I understand the Share Price
Sorry for the confusion, someone inboxed me and told me Grat did a reverse split for 5 to 1. That is when the shares were worth 23 cents, which is fair value for an exploration company. I can also recall how BRE-X was also an exploration company...Now I see why they are $1.18 (5x23=$1.18)
Comment by
SeedsofDoubt on Dec 03, 2021 2:50pm
No you don't.. Dec 2, 2019..There are currently 170,576,702 common shares issued and outstanding. If shareholders approve the Consolidation, there will be 34,115,340 post-consolidated common shares issued and outstanding after giving effect to the Consolidation..Guess what??After this consolidation,Dec 2, 2021 there are still 170 million shares outstanding. Hows that for fuzzy math?????