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  4. Mining Global Inc. (MNGG) Message Board

There's little doubt they will reverse split this

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Post# of 12259
(Total Views: 611)
Posted On: 05/27/2017 6:37:15 PM
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Posted By: Natural Treasures
Re: #1 Red Sox Fan #11872
There's little doubt they will reverse split this current share structure of 6.6 billion. If the outstanding shares and authorized shares are brought down together, it will have 0 negative impact to shareholders. It will only serve to clean up the books and look more attractive to new investors. If they RS and leave the authorized shares the same, it will still not hurt current shareholders, but it will give them the open opportunity to dilute us into oblivion and would also deter any new investors from jumping in front of the dilution train. I'm hoping they bring down both AS and OS. Then entice new investment money with production and revenues. That's all we have at this point.

Enjoy your weekend everyone, and remember freedom is not free.


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