"consolidation 1 for 20 ?? and how will that help them."
A 1c placement now becomes a 20c placement. They raise say $75M, dilute existing shareholders, almost out of existence, and they have a brand-new re-birthed company on their hands – New board members, new stories, new players etc.
Its been done time and time again Angry. You’d remember mining companies that became dot.com-ers in the early 2000s and then back to being mining company years later? This is generally how it happens
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