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Bullboard - Stock Discussion Forum Atlas Salt Inc V.SALT

Alternate Symbol(s):  REMRF

Atlas Salt Inc. is a Canada-based mineral exploration company. The Company is engaged in the evaluation, exploration, development and production of industrial mineral properties in Newfoundland and Labrador. The Company’s principal asset is the Great Atlantic salt deposit project (Great Atlantic Salt Project), located in the St. George Basin of western Newfoundland. Its Gypsum Project is three... see more

TSXV:SALT - Post Discussion

Atlas Salt Inc > Today's A Dark Day For Atlas Salt - Now A Penny Stock
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Post by NLMoose on Apr 12, 2023 2:26pm

Today's A Dark Day For Atlas Salt - Now A Penny Stock

Due to Atlas Salt's lack of diligence in maximizing shareholder value, their stock which was a marvel just eight months ago is now officially a "Penny Stock".

I think that now is a time for a major management shakeup to ensure that shareholder investment is protected from further harm.

When a company's stock goes down from $4.40 a share just eight months ago to less than $1.00 a share, a decline of more than 75%, you know that something is wrong.

Shame on the Atlas Salt management and executives for allowing stock to plunge to "Penny Stock" status.

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