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WAGI, i am getting back in.... they have a lot of gold.... they have 2 billion shares... that's alot, but, at .10$/share it's only 200 million$ market cap watch the charts.. OMOG, i have been eyeballing, i don't play pink, but it does sound like they are on the righ path...problem is, thye have a rough history and it will take a while to overcome that.... good luck i'll post as i find stuff....
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Could anyone really explain to me the benefits of any stocks at this price doing a forward split? Example: AUML doing a 5-1 split. And WAGI doing a 10-1 split. It is understandable if a stock is trading for $50 or higher in my opinion. But at these levels?
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Very few stocks hold value after split. Those that do are usually good. I do not like any stock doing more than 50-1. It seems like anything over that is to screw shareholders. If done right it adds value. I done wrong you get screwed. Take it like a man if it is option 2. Happens every day. Some companys do it as often as possible. Then they start the printing press again. Look at cytl. Did it again to me. Vrmd also did a good one. Part of playing the game.
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I was thinking r/s. Forwards I usually sell right before the ex. date. Most stocks run up right before then. I have not had good luck holding after then. I have not played a lot of forwards.
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quote:Originally posted by mizzoubb_fan: Could anyone really explain to me the benefits of any stocks at this price doing a forward split? Example: AUML doing a 5-1 split. And WAGI doing a 10-1 split. It is understandable if a stock is trading for $50 or higher in my opinion. But at these levels?
in WAGI's case it was part of an overall plan to "clean out" a shell--- they have been using the shares to acquire more gold bearing properties...
In January 2004 the Company issued 2,000,000,064 shares of its common stock with $0.0001 par value, for all the outstanding stock of Barnard, Valley and Steinbeck in a reverse merger.
[This message has been edited by glassman (edited August 22, 2004).]
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