It means that the # of PRMOB options you hold - as do I - will be replaced at a rate of 1 for 20. I too don't have clue why the Company would want to do any sort of consolidation at this time - considering these oppies will virtually expire worthless on Sep 23rd, because the shares are almost worth nothing now, too.
(Note: If any Company does a consolidation of its shares at any ratio, then they must also do it for any Oppies they have listed, and at the same ratio. In the case of PRMOB's their existing Exercise Price is $0.02, so after the consolidation early in June, the EP will then become $0.40).
Perhaps a simple maths calc.will help you. If you now hold 1,000,000 Oppies and you wish to exercise them BEFORE the consolidation date in June it will cost you 2c each = $20,000. After the Consolidation becomes effective you will then hold 50,000 (1 for 20) which will then cost you 40c each to exercise = $20,000, still !
PRM Price at posting:
0.1¢ Sentiment: Hold Disclosure: Held
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