Originally posted by wlauy1
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.
sorry for the late input I've been away
It's all relative wlauy1,
1000000 shares @ 2.4c =$24000
or
100000 shares @ 24c= $24000
what you have to look at is the market capital ( this is a simplified explanation) 10 millions worth
if the company value goes 10 folds to100 millions worth
it would then be
1000000 shares @ 24c =$240000
or
100000 shares @ $2.4= $240000
