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Altair Nanotechnologies, Inc. Message Board

  • lucky_me2010 lucky_me2010 Dec 10, 2012 9:58 AM Flag

    Another R/S Folks !

    1:6 this time. Two years ago 1:4, should be the last as pps will surely stay above $1.00 for a very long time ????

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    • lucky ... not probable... with no earnings ... no sales the split is mostly decided on how many shares they want to issue after the reverse ... to stay above $1.00. So they will likely issue millions of shares for whatever price they can get. meaning if they don't make sales ... remember they have little production capabilities right now ... the pps will quickly fall back to perhaps under $1.00
      BTW my take on the 2 million or so loan ... is really an advance payment for the manufacturing equipment to be shipped to china. When they receive it the loan gets paid but ALTI gets no cash .. thus will have to issue shares. IMO

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