Have to agree with you on this one mate.
88e have done everything in their power to destroy shareholder wealth.
Last year they announced a CR just as momentum was building with the price. Totally stopped any chance of a run.
Then they decide to ensure they have at least another year of salaries by postponing the flow test to this year.
This year they mention consolidation before we've even hit the ground to start the flow test.
I dare say there will be a CR in the not too distant future. Otherwise how will they pay their salaries for another year.
I don't know if it's incompetence or just plain not giving a s--t.
whatever it is, 1c would be a pipe dream right about now.
But I fear we will be lucky to see 8/9 even with good flow test results.
Happy to be proven wrong.
I'm not as heavily invested as you but I have 5.5 mill shares and an average of 1.2c. That's still a fair investment and I'll be lucky to get a fraction of my money out by the time we get to consolidation.
Its a lose lose. They need the consolidation to bring the register under control but they will destroy the price and screw all existing holders in the process.
New investors will be happy, rinse and repeat.
What a total joke and unfortunately this happens unchecked in so many small cap companies.
And for the cheer squad , I don't want to hear "if you're not happy, sell". Such a clichéd and standard response.
Better still, just don't respond. I don't need to hear what you have to say. The proof is in the current price.
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