Greg....99% of all reverse splits lead to share holder losses. Virtually all stocks who reverse split mostly nosedive after the reverse split due to increased dilution....especially in pennyland.
MN and its longterm range investors just got scammed in my opinion big time.
MN just gave away the second largest precious metal deposit in the United States to Canada...eventually this will end up in the hands of another large foreign mining company and MN investors will never see the anticipated returns.
If I am wrong and this plays out differently I will say I was wrong but right now after 5 yrs of dead and stagnant money with negative returns...I know I'm right.
John Cherry is a slick tongued SOB that played on down trodden mine families and twisted there emotions for PLM support that he and PLM no longer need. All the PLM community picnics, donations to kids hockey teams were all a smoke screen.
One would think John Cherry would be on a celebration tour showing up in all the small mining towns like Hoyt Lakes thanking supporters and holding press confrences and etc about financing, construction start dates, overall company valuations, revised mineral evaluations, announcing Gen Contractors and etc...Hell he's only had 4-5 yrs to figure shit out.
But what did investors get...a 30% decline in PPS within days....and Jon Cherry is still silent!
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