CCI chrome corporation limited

too many shares...nothing to show for it...

  1. 15,276 Posts.
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    From my SS post...

    ---

    Quote from Brian Thomas...

    "The biggest problem we've had, we've got over 900 million shares out there; the traders have had a field day with us"

    So how does he suggest this "problem" developed in the first place...by itself?

    Big questions in my mind about this lot, their capacity to manage a junior resources company and this transaction!

    lol...the funny thing is he is probably right...better to end up with $500k now and some shares in a company that may have the capacity to make it work, than to go it alone, only to end up going further backwards under an their obviously questionable capabilities.

    I wonder if the directors will magically get shares in the new AIM listing...perhaps seed investors?

    So now what do we have...a company with over 900m shares on issue, $500K in the bank and $12m worth of stock in a company currently worth shelf value if that?

    Yeah right...I'l buy some...NOT!

    Cheers!
 
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