Jerry, I had the same suspicion you did about why Glencairn’s stock price dropped suddenly after stabilizing in the $.30s. Or perhaps the environmentalist statement which followed could have augmented the downfall. The negative forward-looking statements were centered on the company’s future cash flow. This situation has been corrected with CDN $33M plus in the bank. Not only does Glencairn have the cash to grow according to its plan, but the price of gold is considerably higher than it was before Glencairn feel from the $0.30s. Glencairn’s stock price will certainly correct back to a minimum of pre-news release levels. This is why the financing deal was oversold and Stan Bharti made the statement he could not find a better mining deal anywhere.

To drive the price further down the reverse split theory is interesting. I guess after looking the analysis over, the reverse split really makes little difference to me one way or the other. In my view Glencairn is severely undervalued and will be at $20 a share with a reverse split or $3.00 a share without it. I either hold 172,000 shares or 1.2M shares either way it is the same. With the reverse split we’ll get added exposure and a new investor base and conceivably get us to $20 a little quicker than $3.00.

It could be for some, reading a quarterly financial statement in the near future with a Glencairn cash flow per share statement of $1.00 vs $0.14, has a better sounding cashingggg to it.

What do you guys think of the reverse split proposal?

60M shares is only $12M. I ask myself daily at what gold price will the Americans move in, $700,800,900 or perhaps a $1000 an ounce? The 60M shares could be gobbled up quite quickly. In your opinion, what is the gold price that marks this American movement?

Still with the 22nd of October around the corner the temporary capping of the stock price is a non-event.