Ann: Updated - Acquisition of IP Portfolio & VU Collaboration, page-3

Hi Mer,

Agree 100%, and I would not like to see this happen unlessmanagement know a contract announcement is imminent.

We've all recently witnessed that negatively perceived news will affect PWN's SP much more than good news (milestones etc).
The SP was looking strong until the capital raising ANN, which completely took the wind out of the sails and dampened further positive ANN's.

IMO, a consolidation won't be seen as a positive by shareholders unless it's done after a contract signing is announced.
This way, shareholders would feel more confident in understanding their decision to consolidate.

If done prematurely, my fear would be a continual SP slide until they announce a contract signing.

If a consolidation was to occur at some point, I'd hope it's at 20:1 or 10:1
115,000,000 or 230,000,000 shares (including PWNCA and options) seems more attractive than 2.3 billion shares on the register

What are your thoughts on ratios?