I have been in this game well over two decades nearly three. For companies with track records like GPP share consolidation means kiss your money and shares goodbye. I have seen countless examples of it. Here is what it means: Say you start with 1,000,000 shares at 10c each (=$100,000 total investment value). Company performs like GPP has then share price gets to 0.1c. They have nothing to show for but they need money to pay their salary. They do a consolidation 1 for 100. You end up with 10,000 shares at 10cents each (=$1000 total investment value).
YOU SEE A FALSE SPIKE IN SP in the chart!!!
They keep NOT producing anything and SP goes down to 0.1 again. They have nothing to show for but they need money to pay their salary. They do a consolidation 1 for 100. You end up with 100 shares at 10cents each (=$10 total investment value). Already unmarketable but ...
YOU SEE A FALSE SPIKE IN SP in the chart!!!
They buy back your shares from you and you need to wait months to get $10 ... if you are lucky.
They keep NOT producing anything and SP goes down to 0.1 again. They have nothing to show for but they need money to pay their salary. They do a consolidation 1 for 100. You end up with 1 shares at 10cents each (=10cents total investment value).
Buy this stage, you will be sorry you were born while management is enjoying THE SAME SALARY!!! ... and they will not have lost shares .... because they will have given themselves free oppies and bonus shares!!!
GPP Price at posting:
0.3¢ Sentiment: None Disclosure: Held
