Re: 12.5 cents! Yup, they're reorganizing.

Bayswater Uranium Corporation (BYU TSX-V)

Bayswater is the only uranium company to have major landholdings in each of Canada's most important producing and exploration regions - the Athabasca Basin, the Central Mineral Belt, and the Thelon Basin.

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DrFill

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Re: 12.5 cents! Yup, they're reorganizing.

in response to

12.5 cents!

DrFill

posted on Oct 21, 2009 10:45AM

I thought I smelled a reorganization coming. The usual pattern is for the reorganized company to come back on and promptly fall at least 50%. That translates into about 6 cents of the current stock.

To do a $50 million financing they'll have to start at a fairly high price which means they'll do a high ratio consolidation. 20-to-1 wouldn't surprise me.

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