DRK 0.00% 1.2¢ drake resources limited

Ann: Quarterly Activities Report and Quarterly Cashflow Report, page-25

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  1. 151 Posts.
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    So you have $45k (Currently) shares that you obtained at 0.002. i.e. approx 3.2 mil shares

    So looking at the history of the company:
    April 2016 there was a placement for shares at 0.002 preconsol. 136k raised. one billion SOI following this.

    Empire capital raising at 150k of cash (99mil shares issued as security) post consol if 150:1 = 665333 shares ( even if this was all placed to you, this is no where near 3.2 million shares)

    Then there is a 150 to 1 consolidation + cap raise at 1c, resulting in 6mil SOI. So if you got your 3.2 mil shares somehow before the consol at a price of 0.002 (post consol) you effectively got 50% of the company (pre-consol) at 0.000013333.

    Since the consol all cap raises were at 1c, (post consol) which doesn't explain how you are up 700%.

    Please explain how you obtained 45k worth at 0.002 (post consol) and are currently up multibags.
 
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