In this case it would be terrible for me personally. I truly believe in wfe and I hold a million shares buying nearly at the top price close to 2.4 cents.
And after all this announcement about production and joint venture I truly believe wfe shares can climb to 20 cents or more. But if indeed there is a consolidation say 8 to 1 which means my shares will become 125,000 (correct me if I am wrong cause I am very bad at maths) and if this goes to a dollar which many suspect it will like FMG then my shares is only worth 125k dollars as opposed to 1 mil dollars if I give it a few years and let the company expands.
Like I said in ny previous post about consolidation.... it's better to let the market evaluate what the price of the compnay is and I am happy even if it reach to 20cents max without consolidation. It's very unfair to people who bought in early believing in the company prospects and all of a sudden to shares they are holding dwindle by 8 times.
I know it's all assumption for now until further annoucnement. But I think it's really disappointing.
My math skills is really bad but with 1 mil shares.... I am worth 24k at 2.4 cents.
What would my shares worth if it consolidate at 8 to 1 and 20cents. I dont think I it's that much profit.
- Forums
- ASX - By Stock
- WFE
- AGM today - anyone out there?
AGM today - anyone out there?, page-173
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)