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First Explorer at the "Ring of Fire" and presently drilling on the "BIG DADDY" Chromite/Pge's jv'd property...yet we were robbed

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Message: Re: R/S final point.. Some evidence
R/S
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Sep 07, 2009 05:42PM
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Sep 10, 2009 07:08PM
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Sep 10, 2009 07:22PM
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Sep 10, 2009 10:12PM

Hello Hoov and others in discussion of R.S.

I was strongly against reverse splits - some unfortunate experiences there....although I have to say they were with large cap stocks.

Several months ago, someone I trust recommended a stock called Nordic Diamonds Ltd. (NDL). I bought some. A couple of months later. I read that the company was doing a reverse split 10 -l. Not only that , they were going to change their name . In spite of reassurances that the stock would be fine, I could not get out fast enough. I did, with a tiny profit and considered myself lucky.

Well, what happened. The new share, Western Standard Metals (WSM) has increased substantially over the last couple of months.

I then read or heard that reverse splits seem to work well with the small cap stocks. From my own experience and the two examples Hoov posted recently, I have to agree.

In the meantime, SPQ is still .04 .

What to do ?????

lucky lady

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Sep 16, 2009 07:28AM
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Sep 17, 2009 08:02AM
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