Thank you. I'd just like to touch on a couple of things you talked about.
"A reverse split shows extremely poor leadership." OK, I agree. Look at the history of our diluted stock. From where it was around 2 billion to where it is now with over 8.2 billion. This was done by SANP, not Asama. Yes, again I agree with you, extremely poor leadership. Again, SANP, not Asama.
Also you said, "I stay away from companies that have ever had even 1 R/S...Unless something major changes i.e. they completely re-structure the management." This merger is considerably the biggest change in management I could ever imagine to occur. If this isnt a change in management, I don't know what is,
"There will be NO R/S here, and talk of it from any educated person is just silly."
"Frank" said their will be no reverse split, not Assma. So it would be silly "not" to expect the "possibility " of a R/S. But what are the new management's agenda. Do they see a problem with the share structure that would be a hurdle when deciding to uplist so their new shiny shell will attract serious investors and Institutional investors as well. A simple R/S would work fine in this case, for the company Asama. Why not. The stockholders dont loose value.
You also said;
"You drastically reduce current share holders trust and faith in your company i.e. "If you've done it once, you WILL have no choice but to do it again, and so the cycle will continue to repeat itself until the company will be forced into bankruptcy."
You are describing a company, or companies such as you pointed out, that went through this cycle. I agree. Pennyland sucks. Can't trust them. Yes, they do a reverse to improve their share structure so they can uplist, but their company sucks, so the price continues to fall because they all sucked.
One question to ask yourself. Does this company, Asama Mining, suck?
All situations are different, i feel that this company would need to do a R/S because the share structure was compromised by the previous management of SANP. It's a simple fix for Asama mining.
I dont "want" a reverse split because if this stock goes to 2 dollars on it's own merits to uplist to a better exchange, I'd have 90 million dollars. Yippee! But we all know that wont happen. So if they dont R/S then they will just be another OTCBB stock in pennyland with very little interest in the major investment land.
JMHO
GLTA
$$SANP$$
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