Until something is proved up and the plan to make profit on it detailed, and they begin doing just that....pulling some actual money rather than keep putting out more and more shares.
$10million market cap, laugh as you will, would give a share price around 1.3c based on the current 784 million shares quoted on the ASX.
There is another 380million listed, but not quoted on the ASX, partly options which seem to be getting exercised every 2 days or so into normal shares @ 1c....nice profit who ever is holding those, they could sell those @ 2c and still double their money.
ALmost forgot...from todays announcement....more shares to be issued...so add on another 130 million shares for the below...and all resolutions bellow we're sucessful)
RESLOUTION 5 – Ratification of Prior Issue of Ordinary Shares 37,000,000
RESOLUTION 6 – Ratification of Prior Issue of Options 37,000,000
RESOLUTION 7– Ratification of Prior Issue of Ordinary Shares 6,500,000
RESOLUTION 8 – Ratification of Prior Issue of Options 20,000,000
RESOLUTION 10 – Approval of Issue of Ordinary Shares 25,000,000
SSS Price at posting:
5.4¢ Sentiment: None Disclosure: Not Held
