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You asked the following......
Rock what's your take on reverse split 4 to 1 at 0.50, good example of a recent positive effect is Breakwater, it could be a good marketing tool as showing a more respectable share price on the TSX, they don't always work mind you but we are going into another economic growth period & a growing demand of commodities, personally I would consider that option.......
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Reverse slits are always a touchy topic, You mentioned in the case of Breakwater on their reverse split. Breakwater had over 800 million shares and split down to 90 million + shares but they have 3 producing mines and a fourth on the way, so they have revenue, in this case I would be for it.
Nuinsco on the other hand have over 285 million F/D shares. they are starting to get up there but I would rather see them prove up some of their properties and put more value to them, especially the Egyption and Turkish ones before a reverse split.
In the past I have been burnt by a reverse split and have done ok on two others, I'm weary of stocks that carry a large share holder base and I try to avoid them unless they are worthy of buying.
Nuinsco is one of those worthy of buying
You have a great day
......RL