Now we see those Class A shares come home to roost- as in Robber's Roost. An ultimate scurrilous betrayal of the general shareholders without any regard to their wishes,votes or their welfare.
The idiot NU who persists in posting on the other board- a.k.a. who?- has forever been touting this RS from the time he began posting- and now it's come to pass- curious. The shortsighted point is made that nothing is lost in such a straight conversion- 1/500th the shares- but each worth 500 x more. So we should open at $2.50. Great. Well- even with our billions of "diluted" shares it was relatively easy to push the PPS up to .001. To get back there- the PPS has to go to $5.00. How likely is that. Not very. And the great news that's going to achieve this great PPS advance- not only to $5- but $10- $20 and more?- Assay reports!?? How sad and pathetic. If anyone thinks that will do the trick- hold onto your paltry shares as the PPS sinks back down- but now with only 1/500th of them. And just wait for the next move- a regular diluting split- when more shares are needed for toxic loans or options.
The only thing that has a prayer of helping is an announcement for a deal for drilling. That was the touted scheme- a R/S in conjunction with great news. But instead we got the R/S- minus the important news. Thanks Brett.