Extremely small but fanatical cadre of dedicated Noront bashers/detractors on SH was so
preoccupied with reciting Al Coutts/ Noront's last rites on daily basis that they completely
lost sight of current happenings in their back yard, their own Company.
Now they are panicking big time.
Fact is, no resource Company within ROF is smooth sailing, that is for sure, and Not
always because of their own doing.
Share splits are born out of success. on the other hand, reverse splits are born out
of necessity.
Creating one multi voting share out of 300 single voting subordinate shares and then
being able to reverse that process at will by individual investors is something no
Jurisdiction, no Stock Exchange and no Stock Brokerage would allow.
I wrote on earlier date that the stock that now trades in one half of a cent increments
would need to trade in 300 of a cent increments. Conversely each 300 vote share
would need to trade in $ 1.50 increments.Or arbitragers would have a field days.
Just imagine one Billion single vote shares sloshing back and forth. Brokers would
need extra staff to handle that volume.
As much as I sincerely wish KWG all the success I strongly feel that the proposal as
currently structured is a non starter.
You can't have your cake and eat it too.
GLTA ROF Investors,
Fossil