I'm no downramper, but the announcement on the capital restructure is the worst possible one a company could make. I was so close to buying in it wasn't funny, and when the ano came out, well you saw the price drop.
Company's stand to lose up to 40% of there value when consolidating their shares on 10:1 ratios. I've being around to see it happen more that once and can say that i have being burnt as well. Don't get me wrong, changing the company name could be a positive, but if your wise keep away from this stock.
For example lets say that the restructure were to go ahead and was approved and the shares going off Friday's closing price were to be 33cents how long do you think it would take for that share to be down traded to 20cents, which will happen, then what sounded like a good idea is only worth the equivelant of in July at 2cents.
Good luck to those that hold, but your in for some pain.
My opinon only, be cautious.
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