I wouldn't be pissed off or very concerned if an RS is coupled with something good where a SS restructuring would be beneficial or required...like a merger or JV.
Here's the problem. This CEO is a liar and has dodged his shareholders for a very long time. If you read the PR, you don't get the impression or tone that the RS is going to be for a good reason, or that it's for a valid reason other than to RS because the stock is in the pits and he need to rinse and repeat. It states...
"Following the split, the Company intends to be able to rapidly move forward toward increasing its lithium assets since pricing per acreage comparable to MMTE has increased substantially over the last three years."
He's been saying this crap for 2 years now. It doesn't indicate or project anything positive. When he says "to rapidly move forward toward increasing its lithium assets", how do you think a company that doesn't generate any revenue is suppose to achieve this?
One answer...DILUTION...
So not only is he going to reduce the value of each share by a small fraction of what it is now, he's going to reduce it's value even more when he dilutes to "acquire more concessions".
Don't get me wrong, I'm hoping for the best, but I have VERY low expectations of anything positive happening here...
AI
