Re: Listing on the TSX is impossible, and here's why...
posted on
Nov 12, 2014 08:28PM
I expect it to be much less than .0001 in the future. Anybody that has ever studied company's trading at .0001 with no cash in the bank and an AS nearing its max should expect a reverse split and continued dilution. How else can they raise the millions that they need, per the filings? $1,000,000 raised at .0001 is 10 billion shares and I don't see how the type of news we saw today could get the price up to a respectable level, which would reduce the dilution. Its important to look at these things realistically to prevent future bad decisions. PQ reverse split this ticker before and he reverse split GHDC not long ago, how can we expect anything different this time? There is a point where hope and wishful thinking becomes poison to ourselves and the people listening. Being a diligent realist is much wiser when it comes to the penny market.