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Lomiko (LMR: TSX-V) to Complete 43-101 Report on Previous Drilling at the Quatre Milles Graphite Property *CLIENT* Read More

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Message: Arianne Proposes a Share Consolidation to its Shareholders

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Re: Arianne Proposes a Share Consolidation to its Shareholders

in response to Re: Arianne Proposes a Share Consolidation to its Shareholders by craiglechman
posted on May 09, 09 08:36PM

Following is a wise comment but unoptimistic. On June 11th I will vote NO!



"Since it's done for purely cosmetic reasons and doesn't change a company's finances, the market knows it and the company gets penalized. Most companies end up seeing their stock prices continue to slide,"

said Pamela Peterson, a finance professor at Florida State University and co-author of a 1992 research report, "A further understanding of stock distribution: The case of reverse stock splits."





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Like Arianne Resources Inc.? Then you might also be interested in McLaren Resources

McLaren Resources
  • Blue Quartz Property surrounded by numerous past and presently productive gold mines
  • Black Fox mine (Brigus Gold), the Hislop mine ( St Andrews Goldfields)
  • Recent Drill Results include 63m of 1.21 g\t gold and 2m of 13.95 g/t gold

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