terrible news , page-5

The number of shares is not important, and a 1 for 10 consolidation will soon take care of that.

I will have to do the sums to evaluate this deal, but to go to a debt free ( risk free) position, rather than a ' hanging by your balls' position, is good.

Because of the risk of insolvency, the company was valued at duck sh*t.

With certainty, it can be valued as a going concern, which is a hell of a lot higher than duck crap.

Sure equity has been diluted, bur we paid nothing for it.

If we assume company worth say 30 cents a share , but a question mark over survival, then it makes sense to give 15 cents away for ceratinty.

So your 4 cent share , potentially worth 30 cents ( and possibly zero) , is now definitely worth 15 cents.

That will do me.

The numbers above are just for illustrative purposes, I will have to do a bit of computation to get the hard numbers, but the logic looks compelling