The current 217,607,664 on issue get reduced to 38,076,581 post consolidation. Then the vendors will get a chance to sell their 82,764,655 shares . Those who get some of the 45.5m shares from the prospectus at 20c or the current pre consolidated price of 3.5c will also get the chance to sell.
Is the company worth 105m fully diluted at 90c
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STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
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