For the life of me I cannot understand why anyone would allow a good deposit to just lie unattended. Something WILL HAPPEN.
If I was running the company I would maybe let an issue go through on say a one for one at say 3 cents. Later( maybe two years) on I would tighten the register up by way of a 1 for ten, and if need be shares can be issued at a discount to the adjusted price to raise any further needed capital.
End result would be about 50 million shares outstanding, but stage issues to suit requirements.
As for W.M,s outfit I am looking for a severe pullback over the next month or so.
QMN Price at posting:
3.9¢ Sentiment: None Disclosure: Not Held