This is an interesting move. As per the recent top 20. 98.1% shares held by top 20. that doesn't include myself who has interest in separate holdings that gets me into the top 20.
Of the 4 bill shares the top 3 holders hold 92%
Post consolidation I make only about 800 k shares will present post consolidation. It is going to be horribly illiquid.
I sense something going on. They are generating enough cash now and with the new wash plant should be very healthy cash flow.
If they pull out an acquisition then it won't be hard to raise capital at 40c and dilution won't be huge.
Or are they looking at taking us out
Very interesting stage.
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