Gravity21,
"Once consolidation is completed, the share registry (if we have strong investor(s) ) will be very strong. Share capital will be reduced to about 890,399,023 shares (including Jemsoft 50 million [allotment before consolidation]). Post consolidation - approximately 45% (rough calculation) will be Top 20 [some previous Top 20 may be dragged out of Top 20, hence IMO, the share registry will be much stronger]."
Even if the consolidation goes ahead there will be dilution followed right on the back of it. This is on the assumption that once the consolidation happens the share price either stays at double or more than double.
Going on the current climate unless there is awesome news it will go downwards, at this rate 2 cents will be lucky. And you also have to factor in the 20% discount which almost guarantees a 20% drop again.
Also there is 1,730,798,046 and 497,081,706 (Unlisted Ordinary Shares).
At 2 cents we are looking at 375,000,000 shares straight back on the register. For what?
There is no news, no update, nothing to say what will happen with this money to ensure the price goes up.
This is the problem. We are totally in the dark about what is going on.
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