Does everyone realise , that there were over 31 billion shares...

Does everyone realise , that there were over 31 billion shares pre 150 to 1 consolidation . Effectively this 1 for 2 issue at 1.6c, represents a 15.5 billion share issue in the old share capital . And that's not taking into account effectively 15.5 options. Mindboggling for a company that has not produced one ounce of gold in the last 10 years (that we know of) but they keep talking about it , and raising capital to do it