Re: Special Resolution - the proposed share consolidation
in response to
by
posted on
May 26, 2008 12:30PM
First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed
I am not sure that a 1 for 4 would be too wishy-washy. Your example of how to impact the day traders also impacts the new investors we want to join us in this Spider adventure.
Those investors look at these speculative stocks in the area and also figure that an $.80 stock has to rise 80 cents more to double their money whereas a 30 to 40 cent stock provides a cheaper alternative with only a 40 cent rise needed to double their investment. It also bring Spider in line with a few more of the area players and with the stengths pointed out in your note - makes Spider a solid choice among the numerous speculative area players....
Just IMHO