Sell side already being stacked up @ .007
@rvajna@He'sElite has quite plainly tried to illustrate how nearly every shareholder would be feeling, and as previously discussed on this thread the share price will no doubt be heading down further (a point you failed to understand previously)
For example (for ease of understanding) you had 1,000,000 shares @ $0.001c = $1,000.00
Post consolidation you will have
100,000 shares @ $0.01 = $1,000.00
At the previous share price, the
value of your shares could not drop any further
re:
$0.001c which is the lowest possible price the share can trade at.
Post consolidation, the share price can retract further:
100,000 shares @$0.009 = $900.00
100,000 shares @$0.008 = $800.00 and so forth......
and already sellers at $0.007, so you parcel of shares (if you owned 1,000,000 pre consolidation) that was worth $1,000.00 will be worth $700.00 if a sale of shares at $0.007 goes through. Yep, lots to be encouraged about, yeah? You have already lost 30%, and with the problems at the gold tenements I wouldn't be holding my breath for anything to progress in the short term....
https://apps.des.qld.gov.au/enforcement-tools/pdf/stat1170.pdf
When they get back to $0.001c, they might be worth a punt for the future great great grand kids ....
cheers
