MPO 0.00% 14.0¢ molopo energy limited

does noellyn know why

  1. 949 Posts.
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    This is Dr Lincoln Augustus, first second cousin of Holymagiman

    I see that they are going to make 5 Molpoo shares into 1 Molpoo share. Need to know what to make of this, why they would do this with $40 million in the bank.

    I would be grateful if Noellyn could find out from her brokers, Ballieus, what this is all about, as they appear to be close to the company.

    There has to be a reason for this action from Molpoo, and I cannot fanthom out what it is, unless the company is trying to facilitate a friendly takeover by a company that would rather take over another company with 180,000,000 shares at a higher share price than a company with 900,000,000 shares at a lower price. Who knows.

    Dr Lincoln Augustus (has many degrees)
 
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Currently unlisted public company.

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