PNN
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2.30% 8.5¢ power minerals limited

Ann: Notice of Extraordinary General Meeting/Proxy Form, page-5

  1. Marfox
    558 Posts.
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    15/07/20
    12:30
    Post #: 45879815
    Because PNN can't raise any more cash through CR's, that is the reason she wants consolidation. If the vote gets through, the share price would be notionally, adjusted to 0.10c from 0.001c. Then they can start CR's again, discounted to attract funds (eg say at .09c) while all the time diluting long term shareholders like me out of existence.
    PNN Price at posting: 0.2¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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