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Ann: General Meeting for Share Consolidation, page-13

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trollthedice

1,526 Posts.

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29/11/19

11:00

Post #: 41704396
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Originally posted by blister ↑

they just pushed most of the options into no man's land... my 1c strike price just became 10c strike price if i'm reading correctly.

so a shareholder has called for this consolidation, however i imagine there will be a very agressive rush to exit so our new t20 shareholder is about to get very burnt fingers.....

as an example of my thinking, this is being engineered to enable LIND to exit without taking the 50% loss on the conversion... if you hold 1,000,0000 shares @.002c

preconsolidation sell @1c = 50% loss
post consolidsell @1.9c = 5%loss

However lets say your average buy price over the years was 1,000,000 @1c and the share price drops back to 1.5c after consilidation
Current loss = 80% loss (your 10k is now worth 2K)
Post consilidation your 2k now owns 100,000 shares
post consilidation loss back to 1.5c (your orignal 10K investment is now 1.5k)

You need an 7 bagger just to get out of your hole!

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Well I need a 5 bagger to get out of my hole. Regardless of consolidation or not. However we should prevent this from happening and LIND can sell us the shares at 0.1c, i'm happy to buy at that price.

ANW Price at posting: 0.2¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.0¢		Change 0.000(0.00%)		Mkt cap ! $2.501M

Open	High	Low	Value	Volume
1.0¢	1.0¢	1.0¢	$495	49.49K

Buyers (Bids)

No.	Vol.	Price($)
9	2888919	0.8¢

Sellers (Offers)

Price($)	Vol.	No.
1.0¢	437721	2

View Market Depth

No.	Vol.	Price($)
9	2888919	0.008
4	992855	0.007
3	499161	0.006
4	2250000	0.005
1	500000	0.004

Price($)	Vol.	No.
0.010	437721	2
0.011	789570	5
0.012	1081280	4
0.013	944662	2
0.018	185000	1

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Ann: General Meeting for Share Consolidation, page-13

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Ann: General Meeting for Share Consolidation, page-13

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