Replies to post #21925 on Comstock Inc (LODE)

[hitpaydirt]

I agree lester, a R/S would be a Death(Row)Financing kinda move...they don't need that exchange that much if it comes to that...cheers

[saildone]

Lester, look back at the company press releases for June 21, 2010; ". . . stated Corrado DeGasperis, GoldSpring's President and CEO. "We appreciate the stability that results from committed liquidity and, together with our successful reverse stock split, we anticipate completing the debt-for-equity and the land components of our previously disclosed recapitalization plan over the next few weeks."

Goldspring was the previous incarnation of CMI and had a reverse split of 1 for 200 in order to reincarnate as CMI and qualify on the AMEX.
A million shares that were worth a nickel, became 5,000 shares worth about $1.65. The PPS as LODE actually doubled to $3.30 for a year or so but has been on this downward slope since September 2012.

So, it is accurate to say that CMI never had a reverse split, just that it took a reverse split to create CMI. And the major shareholder of Goldspring back then was John Winfield.

Oh yeah, would you care to guess who the boutique banker that shepherded LODE onto the AMEX was?

I'm a long and not exhausted, yet, but I got rid of those rose tinted glasses years ago. I've seen enough CC's to not get excited on the announcement of another one.

I'm not predicting anything good for the long term unless and until TNGL finishes their evaluation and decides to go forward.

I am waiting to see if our share in the nanotech company or companies amounts to anything.

And I'm waiting to see what develops with the realty branch of the company.

'Til then it is all downward sloping.

[Etailer]

That makes me feel a lot better. I have been purchasing additional shares at his price. Just waiting for the faked pumped up stock market from QE to crash and for investors that are buying the fake gold certificates that are leveraged 10/1 to get wise.

There is no way I would feel comfortable buying into the stock market with these prices. Gold mining stocks are beat down and are a much safer bet to me. Sure, they may go down a little more but with the next crisis watch out the sky is the limit.

[resourceinvest]

“There won't be a reverse split. No way....”. Isn’t it time you stopped posting and embarrassing yourself by constantly getting it so wrong!!!