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)
MPO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held