- "Ive waited years for something "good " to be backdoored into ROB"
Something was backdoored into ROB. Its shareholders.
- "don't get me wrong - i still think at current marketcap of $2 million only - still has plenty of upside"
After consolidation and CR, it'll be re-listed with about 64m shares @ 20c, meaning MC will be $12.8m. With cash of about $3.5m, it's EV will be $9m.
Upside will be given away to all the freeloaders. 25m shares for acquisition. 10m free shares to CPS. 35m / 64m shares or 55% of the company owned by people who didn't contribute a cent to the bank balance.
I've seen coys with 1b shares do 10:1 or 20:1 consolidations. But 40:1 when there's less than 500m shares? Yes, current shareholders will be diluted to insignificancy.
ROB Price at posting:
0.4¢ Sentiment: Sell Disclosure: Held
