1:10 magic?

Welcome To The Spider Resources HUB On AGORACOM

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

Reply New Message

Prev Message Back To Forum Threaded View Next Message

SnugTheJoiner

Rank: President [?]

Points: 27397 [?]

Votes: 351 Score: 3.9 [?]

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.)

1:10 magic?

posted on Nov 25, 2008 07:40AM

I heard on the NOT board about 1:10 share consolidation suggestion by the WSR BOD.

Heard this before? Happened at SPQ. Got shot down.

The WSR BOD wants to magically turn 113 million shares outstanding into 11.3 million. "Better chance at getting more investment dollars", they say.

When are these mining BODs going to realize that smart drill plans and smart drilling gets investors investing?

Playing with grade one arithmetic just doesn't cut it. Cisco Systems has 5+billion shares outstanding. And people continue to invest in them because they deliver.

WSR needs to deliver; just like SPQ needs to deliver. Board directors can be voted out if they don't deliver. Remember the next AGM. June.