New Force in Silver, page-4

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Vinny99

354 Posts.

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05/01/25

13:44

Post #: 77275658
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Originally posted by red-frog: ↑

From 80m shares post consolidation back to 800m post egm proposals. New shares getting issued at 25% of pre-consol price, but not for us holders, only the new crew. The dilution is too great for me to care about saving the company, so I've voted NO to all resolutions.

My original $15k investment now being valued at $300 once this goes through. All the while the new crew are setting themselves up to make a killing and won't even offer shares to current holders at the same price as they are getting. It's obvious they are setting the company up to ensure most current holders have an unmarketable holding, which they will try to buy as many out at the low price to clean up the register.

They don't want the likes of me as part of the future so I'll not vote to help them achieve their ends, though I fully expect they'll get the numbers to enact their plan regardless how I vote, just as they got the 12:1 consolidation passed recently.

I won't help them help themselves.

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I share your sentiment and agree that regardless of how we vote, everything will pass. However, as corrupt as they are, i'm wondering if these guys can actually turns this company around as I think the silver still has a lot more upside to go this year. There's nothing to lose now so might as well just sit back and see what happens.

SMG Price at posting: 6.0¢ Sentiment: Hold Disclosure: Held
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New Force in Silver, page-4

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