Maritime Resources Corp V.MAE

Correction to my last post

[shiftyone]

I stated that I thought Dundee didn't care about the daily stock price, because they are not trading it.

But I thought a bit more.  They probably do care about the shareprice at the end of their reporting quarter.  Because they own close to a half million shares.  And when they do the financials, they want the numbers to look as good as possible for their shareholders and insiders to be happy.

It's just a random thought....but all them shares they own, a 2 cent increase in price shows as $10 million more in assets.  For a company with I forget, a hundred million market cap or so, that is significant.  They might want the price higher during their quarter end.  If they are financing it again, they want the price lower.

The consolidation now is not really relevant at this point imo.  Because the small dollar value of daily trades.... it's not like a million dollars a day are trading.  Bye.

[shiftyone]

edit....close to 500 million shares.

[Hanseatic]

Dundee consolidates Maritime at equity, thus they show their share of Maritime's equity and not the market value in their accounts. Thus your first take was right, at least as far as their accounts are concerned. 

[nozzpack]

Consolidation is necessary from a valuation viewpoint.....funds cannot buy in at penny prices.....and it will benefit the market cap because we are grossly undervalued, ignored by the market due to the fact that investors seriously consider a stock trading at 5 cents with over 800 m shares. Why they have not yet enacted the consolidation....entirely imo..is that a consolidation event .....merger,