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Ann: Notice of Annual General Meeting/Proxy Form, page-20

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151

02/11/22

12:15

Post #: 64542997
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Originally posted by pdm: ↑

consolidation at 25=1 is the killer for the long term holders
say one invested $10,000 at 0.010 for 1 million shares
the consolidation will reduce the qty of shares to 40,000 units which really cost $10,000
so the new share price will need to go up to 0.25 to be back to even in the money!
this will take a very long time to reach 0.25

as it is today at 0.003 with the consolidation 25-1 makes the share price at 0.075 if it stays that way until the 1st December date of AGM where final approval from share holders is required...

I don't read many on here opposing the consolidation...

also a CR will be needed next year to keep this a going concern thus reducing the 'new' share price (whatever it will be at the time) to a lower level
and considering the fiasco of the last CR it will be hard to raise from current holders so they'll have to go to other capital investors = more dilution

time to roll the dice!!!

DYOR

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"consolidation at 25=1 is the killer for the long term holders
say one invested $10,000 at 0.010 for 1 million shares
the consolidation will reduce the qty of shares to 40,000 units which really cost $10,000"

...Bro, what? No bongs until Saturday

DW8 Price at posting: 0.3¢ Sentiment: Buy Disclosure: Held
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