OGI 0.00% 0.5¢ ogi group ltd

Closing price today, page-19

  1. 1,720 Posts.
    WAKEY PEEPS (some) here is your free history lesson

    Before name change and 25:1 consolidation this company since inception has taken close to 100 mil$ off punters to get to from where to where??

    check this example out, and some may wish to rethink their strategy

    1/8/03 CR at 20 cents raised 1.5 mil$
    Added 1.5 mil shares
    shares = 121 million

    14/3/08 CR at 21 cents raised 5 mil$
    Added 24 mil shares
    shares = 242 million

    28/5/14 keeping to pre-consolidation numbers to form a correct comparison
    at name change from GGP to OGI
    SP = 0.001

    shares = 4.799 billion

    5/9/14 3B note conversion added 3.417 billion shares
    total shares now = 8.216 billion

    21/10/14 still staying with pre-cons numbers
    3B note conversion added 1.797 billion shares
    total shares now = 10.013 billion

    still to add to register are more conversions of the series notes for a certain group to recoup some of their funds that have been tied up in these notes for quite a while now
    series 1 $175k
    series 2 $206k
    series 3 $330k
    conv sec $550k
    total here is 1.261 mil$ yet to be converted
    - if all goes to plan?

    so one may imagine SP could possibly be brought down to somewhere around last conv rate as shown in 3B on 21/10/14 which was approx. 0.006 conv rate.

    on above figures what have they got-still no graphite ground just a bucket load of shareholder funds and even more shares - oh forgot, diamonds!

    imo only a punters stock
 
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Currently unlisted public company.

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