I am trying to understand what OLE is doing. They have released a prospectus today that says they are doing a CR @$0.20. There is also a mention that there will be a share consolidation of 80:1 based on the share price of $0.0025. How can this happen when the shares are currently at $0.004 ? This seems like they just stripped 40% of the share value and for existing holders we get shafted. I must admit this is my first time dealing with such a situation, but would I not be better to sell at 0.004 than go through the CR/consolidation ? What is anyone else's take on this ?
OLE Price at posting:
0.4¢ Sentiment: Hold Disclosure: Held
