Replies to post #2464 on Applied Minerals Inc (fka AMNLQ)

[Mr. Zen]

gratli1028 Atlas has been set up with a 50 +/- million float and no debt, in order for this company to move forward it needs to show steady revenues and a price per share that will take it to the AMEX or NASDAQ, it would be harder to do that with a forward split as it would not benifit the share price or the public float. You are welcome to differ however my information on the share structure comes from Bill Jacobson the CEO of Atlas.
If we look four years out with this company and Dragon Mine is self sustaining and producing income and Bill decides to start his production on the gold mine in Costa Rica or decides to partake in another venture then a share split may be a road he would consider at that time.

HOWEVER, Atlas is a cash cow, he has timber operations that pay for the overhead, and he is doing contract mining on a North West gold mine for another company, money is not an issue and rather than sell haloysite to conventional markets where demand for product has been established Bill is smart enough to know that this clay has unique properties that make it up to 4 times greater value than current price per ton sales indicate.

In summary, a forward split is out of the question in the forseeable future according to the principles behind Atlas Mining Company, that information can be verified and is NOT speculation.

[patrico23]

gratli, what would be the benefit to the company or to us by doing a forward split? We "double" the shares we own? This is only a psychological benefit. Companies typically do a forward split to increase the liquidity of their stock price. They feel once their stock hits $100 or $200 it might limit people's ability to buy and sell round lots.

ALMI is years and years and years away from having to worry about a forward split. Just thank God they aren't looking into doing a reverse split.