If one has options to buy a stock for 10 cents for a year, and that stock does a reverse split 2 for 1 before that year has expired...do the options apply pro rata? Can't remember.
If the option price is automatically doubled, it matters not.
If SFMI does a PP for 50 millon shares...or whatever...let's say they reach 500 million...would it make sense to split to 250 million?...say at 5 cents?
Let's say drilling commences and high grade is assayed, and it will be, that is when the stock will move. What would be the best choice of the above, post results? what if 5 million high grades ounces are discovered?
For those that bought in at plus 30 cents it would matter. For those that bought in at a nickle...not so much methinks.
I am wondering what the best plan is for management for the above.
I am not being negaitve here, just honestly trying to think out the possible best scenario for the shareholders looking forward. Either way, this has to be a excellent time to buy. It is also an opportune time to get in on a PP.