Wasn't much they could do really, it's the final death rattle of a lifestyle company. They have raised and raised and diluted it into oblivion, they couldn't raise capital when it was trading at .003c so a consolidation was the only option to try and secure funding. Sadly, for 1MC holders the BOD fully invested its time in SYA and didn't seek out a project for 1MC to try and sell a story around now it is in the same position it was in pre consolidation where no one is interested in taking a raise, so they tap existing holders.
You have to admire the hubris of this lot, crashed and burned when they were AJM and torched 99% of investors funds, relisted with a promise of acquiring a project but did nothing for years preferring to spend time on SYA while voting themselves pay rises and issuing performance shares, consolidated and torched 95% of holders funds.
The current 'raise' is a two for one at 3.6c when its trading at 3.1c anyone taking that up will burn 100% of their funds in support of a lifestyle for the few, 1MC will delist in the next few months unless they keep funding it from SYA as they have been.
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Mkt cap ! $334.5M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
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---|---|---|
72 | 12434390 | 3.2¢ |
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Price($) | Vol. | No. |
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3.3¢ | 6203630 | 28 |
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42 | 11434827 | 0.031 |
67 | 8536050 | 0.030 |
49 | 7786651 | 0.029 |
43 | 9050146 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 6203630 | 29 |
0.034 | 10015139 | 30 |
0.035 | 11534078 | 34 |
0.036 | 12124394 | 34 |
0.037 | 10753212 | 35 |
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