Let's try and be realistic about a Company that has been looking for 100 mill for years and No takers with What we have in the Ground. You are a MD of a Company with 4 BILLION shares Plus on Offer and Only allowed do a small 5-million-dollar Cr by the Rules of the ASX to keep the lights on.
You are talking to Lenders that would be laughing talking to a Company with So many shares and No chance of any more Crs at 1.3 cents even after a Couple of Good Pumps by Management.
No Choice to do a 100 or More Consolidation to be Able to Start the Cr Process Again and Again. The So-called Lender can State whatever amount he wants, as I have said before my last Company did one for 1800 to 1 share!
We All hope Not But current Retail have Been used up and need Their Majority of their Holding Decreased Big Time to Survive!
ADN Price at posting:
1.7¢ Sentiment: Hold Disclosure: Held
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