stupid idea? New name, new project and less shares on the register will make QPN a lot more attractive than a company with billions of shares and a floundering project. I really don't understand the logic here. You all invested in a very high risk project that didn't pan out so well (though they might come back to it?). But rather than lay down and die the directors have found a much simpler and low cost alternative.
At this stage the best thing the directors can do for their shareholders is make the company as presentable as possible ie less shares and a new name. I was complaining before... now i am satisfied.
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