PEN have 1.367bill shares an 360mill opt +how many free to mangerment?
If it is a cap raising to us or a major investor how many more shares will be added 500mill at 4c?
I have put it to PEN's company secretary Jonathan Whyte - in person to do a consolidation of their shares 10:1 years ago he said he'll bring it up at the next board meeting
but like what he said an other PEN shareholders on HC etc is that it wouldn't matter to the way the companies shares are treated which IMHO is complete bollocks
If PEN only had 136mill shares outstanding an 36mill opts I'm sure it would be better structure the shares for one would trade at 47c not 4.7c many novice investors see low SP as risk ,just as they see 1.3bill+ shares as a bad sign of companies stumping up shareholders for cash alot..
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