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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Last
2.7¢ |
Change
0.004(17.4%) |
Mkt cap ! $277.9M |
Open | High | Low | Value | Volume |
2.2¢ | 2.7¢ | 2.2¢ | $1.380M | 55.63M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 950660 | 2.6¢ |
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Price($) | Vol. | No. |
---|---|---|
2.7¢ | 4484315 | 19 |
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No. | Vol. | Price($) |
---|---|---|
6 | 950660 | 0.026 |
17 | 4448419 | 0.025 |
20 | 7800858 | 0.024 |
13 | 6010651 | 0.023 |
40 | 6109025 | 0.022 |
Price($) | Vol. | No. |
---|---|---|
0.027 | 4484315 | 19 |
0.028 | 6003555 | 19 |
0.029 | 3878676 | 15 |
0.030 | 15239372 | 31 |
0.031 | 11508445 | 6 |
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