LRS latin resources limited

Ann: Consolidation/Split - LRS, page-14

  1. 213 Posts.
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    So, here’s a question for you smarter bunch out there...

    Am I correct in saying that.......
    . Share Value (multiplied by) number of shares (equals) Market Cap
    . 0.001. x. Number of shares available. = $3.892

    So after the consolidation of 1:25, and assuming the share value is 0.025, then..
    . 0.025 x 1/25 of the shares of the above example = $3.892
    My question is, what’s stopping the shares from dropping from 0.025 to 0.02, or 0.01....?
    j
    Basically this company is worth zip. It’s worth the SP x (number of shares). If it’s worth zip, I can only see the SP plummeting again. If this happens, I think CG and the Board will be in serious trouble.

    Thoughts?
 
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