Poundstretcher,I had this stock when first floated and been...

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elevateck

119 Posts.

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09/11/20

13:23

Post #: 48736897
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Originally posted by poundstretcher: ↑

Any holder who has held this stock over a number of years since it was ABM, will have realized it was constantly diluted until there were around $4 Billion shares. The company then decided it was time to consolidate the shares to a much lesser amount, this resulted in another big loss for the share holder.
Interesting that after consolidation the comparative price to pre consolidation should have been somewhere around the equivalent of $1.75c per share.
Well here we are sitting on a stock now hovering in the 5c range with the company giving regular permission to constantly fund raise and dilute to the maximum amount allowed. Perhaps eventually heading towards such an amount that another consolidation may not be out of the question.
All this done while gold prices offer the best ever profit margins, sadly the fund raisers seem to offer little forward motion apart from an healthy balance to cover admin and directors costs and fees.

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Poundstretcher,
I had this stock when first floated and been nothing but a disaster. I sold out along with some other lemons some years ago and best thing I did in relation to this stock along with the others. I keep them on my curiosity watch list but will never buy in again as none of them proved me wrong. Hope long term investors are rewarded before they die as like winning lotto unlikely to happen. Its not sour grapes just reality.

PRX Price at posting: 4.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

0 Great analysis

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