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Dejour Energy Inc. Message Board

  • oilkingsupreme oilkingsupreme Nov 5, 2012 12:53 PM Flag

    Reverse split is imminent

    It's just a matter of time. I held DEJ for 3 years and failed to take my profits last Jan when it spiked past .60. Now after the dilution and subsequent failure to secure a loan on which the dilution was based, it's clear that this company is just an equity raising pig. It's cash flow cannot sustain its operations or future plans and also cannot secure debt outside of woodrush. It also cannot secure any notable JV partners so it's only ability to raise capital is in the equity markets at a severe discount. I've seen this time and time again and it almost always leads to a sustained decrease in price until a reverse split takes place and then another subsequent price decline. DEJ has very reputable management but has failed miserably in their ability to properly use the capital it has raised. I think that DEJ is more likely to go bottom up than go to the $1-2+ projections some of you are putting out.

    Sentiment: Strong Sell

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DEJ
0.114-0.008(-6.56%)Jul 2 4:02 PMEDT