All shareholders who held through both consolidations - lost most or all of the money . Share numbers were reduced by a factor of 150 or 50 or both, so that the company could offer a bargain, to new investors & to make it attractive. But they did this at the expence of the existing holders.
When the stock was stuck at one tenth of a cent , with no buyer on screen , many shareholders lost money because they were unable to sell their shares before both consolidations.
This reality was made worse by the company also continuing to issue shares off market at below market price.
Many billions were issued below the lowest possibly price on the stockmarket. So when they were sold onmarket it garanteed a profit to the sellers.
The company actively undermined existing shareholders, by ecouraging contractors and debt providers to take shares in lieu of money owed and go onmarket and sell the shares and make a profit .
The company had worked out how to make money from thin air . Around 48 billion shares were created , but the company has never had any income, subscribers were getting nothing more than hope for the future.
All this really only worked when the shares were more than the lowest possible price of one tenth of a cent.
When trade slowed to a trickle on market, they went off market and did deals with brokers and financiers.
It is truely amazing they have kept this company going with unfullfilled promises and hope for eleven years.
In this time family members , and extended family , have been employed and conducted businesses with the company.
One such business deal was for many millions of dollars with the Gekko. But share holders still do not know the cost of the Gekko, even though they paid for it . Via capital raisings shareholders stumped up the money for the Gekko because they thought the company was going into full scale gold production - which has not happened. Rather they just sampled gold processing with it .
Now the company wants another 2 million dollars , alledgedly for working capital. But hope for the future is wearing a very thin now.
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Mkt cap ! $756K |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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137 | 323771597 | 0.1¢ |
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Price($) | Vol. | No. |
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0.2¢ | 62926441 | 11 |
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132 | 319421597 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
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0.002 | 62425448 | 9 |
0.003 | 21566438 | 13 |
0.004 | 3335000 | 6 |
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