Niocorp Developments Ltd (NB)

[NavyHusker]

End the share split BS spin. I'm very critical of NioCorp management's lack of performance but let's put an end to the completely bogus "lost 90% of their shares" crap. I'm happy to be critical of the performance, but it is disingenuous to claim the reverse split caused investors to lost 90% of their shares without acknowledging the corresponding increase in per share price.

Stock splits don't change the value themselves of the market capitalization of any company or any share holder's total value. Market action post split or reverse split might.

Ten $1 bills or one $10 bill. It is the same amount of money and you don't lose any value if you convert ten $1 bills into one $10 bill even though you have 90% fewer pieces of currency.

I do agree that there are effects by share splits or reverse splits. Generally speaking splitting shares is positively received by the market and generally speaking the share prices increase post split. Conversely reverse splits are generally poorly received by the market and individual share prices tend to go down post reverse split.

This also doesn't diminish the fact that in early March, NIOBF was above US$1 and has since lost about 50% of it's value as NB and management has not been performing or supporting investors FOR YEARS while giving themselves very high salaries for part time jobs and continuing to give equity/options/etc.

Let's bash or praise what is legit. Unfortunately there has been very little to praise in quite a long time.