EGO 0.00% 12.0¢ empire oil & gas nl

Respect our share holders: say no to consolidation

  1. 489 Posts.
    Hi everyone have not posted here for some time, well things are not good when they want to consolidate 100:1 reason if you have got 1 million shares that you paid 1 cent per share for, then you’re running at a loss and the consolidation would not be on your 1 million shares it would be on 1/2 million shares so the outcome would be 5000 shares after consolidation.
    So if my calculations are correct, then a lot share holders are going to lose a lot of money and may end up with no shares at all, please correct me if I am wrong.

    Time for EGO to respect all shareholders
    Have a nice day everyone.
 
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