Lightbulbz:
You raised the Consolidation as a means of getting rid of small holders that is the BBF.
I'm saying forget Consolidation, this is counter productive and has always been. As for BBF they would continue to just buy (1) share and while ever we have “MA” and “JB” on our BOD they would continue to allow it.
As for getting rid of the BBF we need to also make a simple Constitutional change to prevent them from being shareholders, this advice I have gotten from “ASIC”.
Mr Q:
It’s better to buy back at a cheap SP, then wait until our SP is dearer. As this would cost the company more. As it stands now we could buy out 2,249 share holders for a pissy $265,000.
These shares can be on sold to shareholders or on the market when the company needs to raise money at a higher SP.
For e.g. if you know your sitting on a resource worth $1 a share, then why would not do a buy back for 0.02 , only a Moron would not do this.
Lightbulbz:You raised the Consolidation as a means of getting...
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Last
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Change
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Mkt cap ! $47.6M | |||
| Open | High | Low | Value | Volume |
| 1.9¢ | 2.1¢ | 1.9¢ | $82.94K | 4.148M |
Buyers (Bids)
| No. | Vol. | Price($) |
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| 1 | 100000 | 2.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
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| 2.1¢ | 1557282 | 7 |
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| Last trade - 16.10pm 06/05/2024 (20 minute delay) ? |
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| Last updated 15.44pm 06/05/2024 ? | |||||
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