pesa,A minimum conversion rate has already been set. It was set...

pesa,

A minimum conversion rate has already been set. It was set at 1c when they were issued. They want to eradicate the minimum altogether, ie change the rules for something that they have already purchased.

Wonder if they want to change the rules for the shares that the rest of us already purchased to prevent them being worth less than 1c ?

I just get the feeling that long term holders are about to be shafted. I hope I'm wrong. I'm less worried for myself because most of what I purchased was at 1c or 2c. I do however feel for those longer term holders who have held for many years and been unwaivering supporters of the company, enabling them to get this far. On the home straight somebody looks like runing off with the prize money and leaving these guys with nothing.

And they have the gall to ask shareholders for more money to be handed over in the weeks before this proposal comes into affect. Seems beyond belief.