Replies to post #89348 on Niocorp Developments Ltd (NB)

[Prudent Capitalist]

From My November 18 post the day after the meeting:

Mark did a great job of addressing the inevitable reverse split, although stated that if we are trading at $10 in Q1 it would not be necessary. It affects him too, as the largest shareholder, but he assured everyone it will be as small as possible in order to qualify for the NASDAQ listing. There are so many lenders and potential large investors, including institutions and mutual funds, who cannot currently invest in NB/NIOBF, but who will be able to once we trade on the NASDAQ.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170488904

[Reetala]

DM: Respectfully, I could not disagree with you more regarding the notion of putting a bug in MS's ear about the RS ratio. Everyone understands that the RS has zero impact on the actual value of one's investment. The "desire" (which I admittedly share, in general) to have more actual shares is exactly that: a desire, which is solely an emotional response, nothing more. Anyone who has ever invested in penny stocks and accumulated thousands, hundreds of thousands or millions of shares loves the notion of having all those shares down the road being worth a ton of money. When you get a 1:10 RS, there is a natural tendency to "feel" let down. The last thing I would want my CEO to do is to make serious, actual financial decisions to be based on the "emotional desires" of shareholders. Indeed, going back to a prior post, doing THAT might well be a breach of fiduciary duty. I can see the cross examination now: "You mean to tell me, Mr. Smith, that with all the years of experience you have had managing public companies you would make an important management/final decision based upon the emotional desires of individual investors on a message board"? I, for one, would hope such decisions are made on a cerebral, rather than a visceral basis.

[Landmark8211111]

Hey DM,
As you probably know well - both Jim and Mark read our posts regularly! …

Mark S. stated LOUD and CLEAR in the Q&A session on the question regarding the reverse split. (There will/would be no reason for a RS if our share price climbs up before the official closing of the Merger Deal).
(Of course I’m paraphrasing) !

Cheers
LM