Hello Beard,
How are you mate? I actually think this is a very positive move. Its about time they started moving!!!
A consolidation is good in the sense that it becomes a lot less shares. The 5m at 16c, I'm pretty sure that won't be allocated to any Australian shareholders. This means the investors from Hk and china are putting in the money. Now why would they do that if they were just going to drain the company?
Once the consolidation happens, it would be nice if they raised say like 10 or 20m and then we would really be off upwards.
TNP Price at posting:
0.4¢ Sentiment: None Disclosure: Held
