Well, the BOD has done shareholders no favours in this instance.
The BOD hasn't had the foresight or willingness to have had a share consolidation to take the sting out of tick spread. 100%. Shocking.
While they probably haven't broken any trading rules, they have issued hundreds of millions of shares which, if not trade restricted, can immediately come back onto the market at 100% profit, and with all the dilutionary negatives.
The BOD has known for ages the terminal date and the inevitability of this agreed transaction and have allowed it to eventuate.
What would a sceptic think if a share consolidation is forthcoming in the near future.
Just IMO. J L.
Well, the BOD has done shareholders no favours in this...
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0.3¢ |
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Mkt cap ! $6.543M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 26652201 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 24349084 | 13 |
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