EXT 0.00% 0.8¢ excite technology services ltd

great positive pre christmas announcement, page-47

  1. 3,704 Posts.
    re: consolidation...more4u2 I think the higher price per share will open a few doors with big investors. Many cannot touch penny stocks as part of their charter. Now with a 90cent - $1 stock they will be allowed to buy in.

    I am a bit concerned that in effect EXT has paid somewhere between 60 - 70 million dollars (in shares) for the 49%.

    I know that existing drill results have added value to the prospecting license but that's still a lot of bucks.

    The 1 for 10 consolidation has been on the cards for a long time and on balance will be a positive. I would welcome a larger percentage of shares held by long termers (like me) and I think this move will help achieve that.
 
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