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07/05/24
20:13
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Originally posted by Puck2:
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….the company sometime ago has said they will NOT be consolidating until it has income. If it were to consolidate before that you can be assured the share price will only continue to head lower and it would only make it easier to do so. A really stupid thing to do really….unless of course you are shorting the shares, but hey might make you feel good to know your shares are worth 30 cents rather than 3 cents but don’t forget about the number of shares you own are consolidated as well. In reality no change……but wish what you want but be careful what you wish for. cheers
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I don’t wish but it would be the reality of commercial interests in getting to their best opportunity price FID would include a combination of equity, convertible notes, debt, etc A large percentage of FID in equity/convertible note floor price would royally fook all holders holding value unfortunate reality with this keep the lights on cap raise and delay of receipt in non dilutive cash