Explain how someone is theoretically going to be "consolidated" out of share ownership without choosing to take up the offer from say $10k of holdings that might have been worth $65k.
The shares have to go down in value 20 times at least. The last capital raise simply won't do this.
Why would the majority shareholders want to wipe out 95% of their equity to gain say 30% back from cashing out unmarketable parcels?
Explain how someone is theoretically going to be "consolidated"...
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Last
0.2¢ |
Change
-0.001(33.3%) |
Mkt cap ! $12.39M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $11.45K | 5.725M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 35026055 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 76087953 | 79 |
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| Last trade - 11.04am 23/07/2024 (20 minute delay) ? |
| MTL (ASX) Chart |