I agree with the Editor's Comments below.
Its not a reverse stock split. A RS happens in the penny stocks like w a pink. I had 1 mil shares of a stock at .008 and they RS - now I have 20,000 shares at .10 and then in 2-3 days its back down to .01 so all the $$$ is gone. Here, its just a consolidation. 5:1 so 347 mil at 1.75 becomes 69 mil at 8.75
its the same thing - you dont lose any value. but if gold continues to go up which I think it will with a trillion $$$ deficit and inevitable QE3, QE10, QE999, etc., this stock can get on the AMEX, NASDAQ, or NYSE.
SLW was $2 in 2008 -- a few years later it hit over $40 and nolan watson was the CEO
same guy and now hes doing it with gold. Sit back and enjoy the show. Were pretty much where SLW was in 2008 - $1.75 vs. $2 (we were over $2 a few weeks ago briefly). So starting at around $8.75 with 69 mil o/s and major exchange listing, I can see a lot of institutions, hedge funds, pensions, mutual funds coming onboard and stock going to teens then to $20s and doing a very nice run over the next 5 years. Im in this for the long haul !!
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