Sergeant, I think that's a good move. I know I've harped on about it before, but I still believe we've got a fairly savage consolidation yet to come. Just too much paper floating around. 1:10 would be my guess. Which would bring it back to 130 million approx on issue at a price of $2.00. Which also produces a company with 130 million shares on issue generating $100 million p.a revenue, and growing, so all the PEs, EBITs and EPS look better, and in fact are.
Also, generally speaking, after a consolidation the price dips a little, but it is also a signal to the market that all the structuring, financing, business planning etc are in place and it's time for things to get a shimmy on. That being the case, HH would be unable to capture 17% at what has been an astonishingly consistent price range. Good for them. Smart. Foresight, in fact.
Speaking of which, it would have been nice to have had the foresight to see that it would take two years to reach this stage and be able to get in now to enjoy what should be a great ride. Not to worry. It will still be worth the wait.
And remember, Baker was quoted recently as saying that "Customers has the potential to be a billion dollar company, and I don't say that lightly." I presume he was talking market cap. Even without a consolidation, that's an SP of 80-90 cents, or 400% from here. With a 1:10 consolidation, that's an SP of say, $7-$9.
Likee? You bet.
Sergeant, I think that's a good move. I know I've harped on...
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