The discussion on the Resolution #12 (consolidation of common shares) has been good. Let's keep it up.

It's especially great to see and hear from first & second time posters. Your voice and votes count - big time!!!

Just to be really clear, remember that the resolution only gives management the authorization to implement a reverse split. If shareholders vote FOR the resolution, management can implement a reverse split of 1:3 up to 1:10.

I am carefully reading every post, and they have been helpful. I noted previously that I also was hurt by a reverse split with a venture biotech. The reason given was to get the share price above $1.00 - supposedly to give the company more visibility to institutional investors. This is the only semi-positive reason I have heard for reverse splits.

I believe NASDAQ is one exchange that requires a company share price to be above $1.00 to maintain a listing. However, SPQ is on the Canadian Venture Exchange and there is no such requirement.

I am now thinking strongly about voting NO to Resolution #12. My thoughts are that if a company, its management, and its prospects are crap, then the share price will evaporate whether its 7 cents or 70 cents.

However, SPQ is not crap. It has some very strong JVs, strong management, money in the bank, and PGEs in the ground. SPQ needs to stand on its own merit.

We need to weather the day trader storm. We need to tell management how we feel. Make certain you vote!

Snug