Replies to post #27120 on Eldorado Exploration Inc (fka EDEP)

[DownhillGlider]

I wouldn't be surprised by a reverse split, but I haven't heard from anyone that can prove that they really know. Might just be an attempt to drive the price even further under the dust. Time will tell.

Maybe a reverse split and sell of 10,000,000 shares is a strategic move to meet requirements for an upgrade to the OTCBB. Anybody genuinely know?

[dirtdog]

I ask Tom this question over a year ago.I predicted a reverse split of 500 to 1.When you have a half billion shares out,not much choice.Also if this comes true you have to pay in shares to the company that makes this reverse split happen in new stock,which gets dumped latter.And the company that sells the new shares gets a commission in more new shares,a vicious cycle.A 500 to 1 RS at .0006 gets you a stock price of 30 cents but we all know that it will trade lower because of the dilution mentioned above.Remember this takes time to do,and if the rumors aren't denied by EDEX it will drop much lower than .0006!Time for Tom to do some damage control!