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01/05/25
16:02
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Originally posted by MajorJohnny:
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Most stock consolidations have been disasters for investors but even the horror shows have traded higher than the pre consolidation stock price at some time before plummeting. I was a large share holder in CAI and sold prior to the disaster whilst the stock price was trading much higher than the pre consolidation stock price as an example. As non-dilutive funding is not a option right now it seems, this is best way to go with around 4.6 billion shares SOI and funds required. Recent additions to the team , CFO , Company Secretary and non executive director are going to assist with better cost management. Fundamentally Oncosil has never looked better imo and there is a still a decent possibility of some success here for some investors depending on your average buy in price. Once disgruntled investors have exited due to this consolidation being perhaps the final straw , things could turn around depending on the quality of future high impact news updates. Oncosil must improve dramatically its PR skills as they are horrible at selling the story.
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company does not have much room for error moving forward…