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7,365 Posts.
95
25/09/20
17:22
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I would think that their is a plan in place re new directors (allready picked) and they will do a share consolidation.
After cancellation of the existing Directors shares there will be about 5.5billion shares .
what would be a good number of shares to start afresh ?
a 100 to 1 would make about 55million a 10cent share price (in theory)
I think this would be too hard to pump and get new money in.
a 20 to 1 would make it 275million a 2 cent share price (in theory)
gives it a chance of a pump with a SPP and acquisition (gold)
The bit of cash they will have will et sucked up pretty fast, so can only hope there is a plan in place.
None of us here will know until it happens