NIU 0.00% 2.0¢ niuminco group limited

Consolidate and increase the share price X 20 only to reduce it...

  1. 15,387 Posts.
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    Consolidate and increase the share price X 20 only to reduce it again by discounting the price by 10% to issue shares for working capital .... and all before we even list again, which by the way was meant to be 22 Oct ? lol

    Well I guess you couldn't really discount the old price any further prior to consolidation given it was 0.001

    From the announcement it looks like this might be the next date promised for re-listing ?


    Proposed +issue date
    Wednesday November 4, 2020




    While I can appreciate we need working capital, I am not sure from past experiences it will be used wisely or to actually achieve anything sadly .... .... dig up and process some gold TL and show us that the never ending dilution hasn't been for nothing ?

    GLTAH - I think we need it ... hehe
 
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