ItsaGameChanger
Oct 6, 8:19 PM
$EVTL I'm going with: First, reverse stock split because there is too much price to makeup in a short time. If the RS is something like 1 new share for 10 old shares, making the market price about
$5.60, that is good news. Would suggest to me they aren't worried about another drop below
$1.00. If the RS is more than 10 old shares for 1 new, they may be thinking continued downturn for some time and fearful of going under
$1.00.
Second, secure a buyer who can takeover and run the show without Mudrick loosing their investment, so more than
$1.30 per share before RS. I don't believe bankruptcy would be good for Mudrick, so I don't see that happening.
I'm just making a lot of guesses here. Happy to hear your thoughts. Thanks.
0 replies