MBN 0.00% 8.3¢ mirabela nickel limited

devils advocate

  1. 61 Posts.
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    I am a large holder and every one of the scenarios being tabled would suit me fine however...... I've been screwed in the past and it goes like this:

    800 million shares, boaord recommends 100 to 1 consolidation.
    8 million shares, board recommends new share sale of 500 million shares at say $1 each.
    Company has capital, bond holder supply and get control.
    Existing shareholders end up with 1.57% of capital!!!

    I know it's depressing but whats to stop them?

    Genuine question from worried holder

    Ps sentiment is hold as suspended for now.
 
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