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.
EGO Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held