0.006 will be wiped soon imo. If they get this CR over the line, the shares won issue will rise from a massive 4.8 BILLION share on issue to a enormous 5.2 BILLION shares on issue.
I personally believe the next announcement will be a consolidation of capital, and given what we are seeing now, that could easily be a 1 for 20, and the price will open at say 5 cents for another 50% drop .
Obviously looking at a worse case scenario but i have seen all this type of thing before in similar stocks with mountains of shares on issue and little cash and in general always end up in tears as a sad case story.
Just a realistic balanced post of what we are seeing here amongst all the hype,
IXR Price at posting:
0.7¢ Sentiment: None Disclosure: Not Held
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