withdrawal of consolidation, page-9

15% of all stock on issue (2.7bill) is about 400mill shares. but with market cap say 3mill.. 15% is essentially 400-450k.

i note on the books a current long term debt of 375k..

* if someone wanted to buy 400mill shares on market right now, what price would it push the share to? 2cent plus on large volume?

*if they were to use that 15% right and issue more stock soon: it only gets 400-450k cash.. something they have already proven they can get thru alternative means thru bank finance on perhaps as one mechanism?


so no advantages at all for my mind other then further dilution and an opportunity for someone to attain a massive volume of stock a sub par rates? 3-5 times discount for them under that process as opposed to buying same amount of stock on market?

if the company is right on the balance of cashflow positive, then there would surely be other viable/more mutually beneficial finance options (non script based) to pursue, for raising the kinda cash of 400-450k if its needed?

on the surface it just seems to me more drastically beneficial to a SPP buyer then it does to us?

im not comfortable that all other areas of finance have been adequately explored atm.

i attending anyways with same motives i mentioned prior.