since the R/S...what a bunch of goofballs this management team is..I told you guys that R/S's are just number manipulation..does nothing for the stock...look if you have a good thing the market will recognize it..you do not need a bunch of idiots playing with numbers..look at what happened to ARNA and RPRX this week..they jumped because of future expectations.
Consolidation proposed Apr 5: share price 8.60 Consolidation approved May 4: share price 9.05 Consolidation enacted May 9: share price 8.41 Current share price May 11: 8.36
After the R/S was proposed, the price went up (and then down, and then up again). After it was approved, it went down (and then up). Since it has been enacted, it has stayed about the same. It is currently less than 3% below where it was when the whole affair started, about the same as gold.
RATIONAL conclusion: SG's share price movements have had little or nothing to do with the R/S.
Hey Zen, fact is that on May 2 a week before the 5 to 1 split SNDXD.pk was $1.93 per share..that is equal to $9.65 post split...today the price is $8.36, over 13% below its May 2 pre-split price....all this manipulation of numbers has done nothing for the share price...management should be about running the business and not wasting their time messing with number games.
Thanks Unlimited, but I cut my teeth so to speak on PCX after the 2008 financial crash. I made a tidy profit when I sold, but I also learned quite a bit there as well. I'll just say that it was a very bumpy year. However, I'll sometimes swing trade it now, but I would never suggest anyone fall in love or plan to go long on that pile of you know what company.
BTU, actually spun out PCX because of its assets and the legacy contracts.
The one coal play that I have a small stake in, but currently out of is CDY and not sure if I'll hop back into it.
I thought maybe I had seen Deni before on the PCX mb.
Hey Den, if you like Gold companies get some GG, AU, GFI..also don't forget to diversify into some utility companies..look at what NVE just did, they just raised their dividend by 30%..diversification means investing in different segments of the economy..don't put more than 10% of your portfolio into startups like SNDXD.pk..remember the reason they are in the pink sheets is because they have not established much credibility with the investment community.