Post by
mrmomo on Jan 17, 2022 11:28am
My last post & warning on this BB!
As most of you know by now, i've liquidated my entire position months ago. For those that don't and want to reasons why i did so, please refer to my last few posts explaining my reasoning for me doing so. I think it is well explained & clear why i took these actions. For the rest of my ex-fellow s/h, this will be my final comment & warning to you all.
The most pressing question the majority of you probably have right now is most likely the following. I'm guessing at the point the stock is right now, 0.035cdn, you provably wandering WTF is happening with the stock price? Is this normal? Is it going BK? Is there something happening that we aren't aware of? What's really happening here? As you can probably say both YES & NO to all the above questions. i'll try my best to give you the simplest answer possible. Those that have read my commentary for the past year or so, probably have an idea what's up here & where i'm goig with this, as i did mention it a few times on this board.
So WTH is going on? In my most humble opinion, what's taking place here is a precursor or rerating for a possible share consolidation event. Something i mentioned many times on here would happen at some point in time, depending on certain macro events. This possibility probably would have NOT shown it's ugly face so soon IF the precious metals markets weren't in the dumps or the company's assets showed any promise. Because both of these events failed, this is now a very probable scenario by default. If this is the case, and a share consolidation is on it's way, this will not trade past 0.05 anymore until the reverse split takes effect. Remember folks, the company also CANNOT raise money until the stock price is at least a nickel, so bear that in mind.
Last words. For those of you who are either shocked or taken aback by these turn of events, you have only yourselves to blame. ALL the signs were there and i did warn you on many occassions this would happen. And if you missed both, you should have done more DD before actually investing in this VERY speculative play. For the holders who have been here for some time, you KNOW this was coming. By virtue of HOW this company operates, it's fate was sealed with regards to this consolidation. By virtue of what the company needs, it really has no choice in the matter of a RS or not. By virtue of what the company will do, is not in question because that's the nature of this beast by default.
By my estimations, this is probably coming very soon and will most likely be finalized by the first part of this year. My guess is 10 for 1, at the bare minimum on the ratio for this to be meaningfull in any way. Could be steeper depending what company mgmt have planned & thier level of consideration for s/h. As for the company itself as a viable investment, maybe after the consolidation & some changes at the mgmt level, this COULD be worth taking a look at IF they regain rights to Pino De Plata. But for now, with the depressed precious metals market, there are many companies out there who's share price has been decimated to the point that they just offer a much better deal.
GTLA