OGI 0.00% 0.5¢ ogi group ltd

WAKEY PEEPS (some) here is your free history lesson Before name...

  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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