JP
In my opinion any takeover offer wouldn't be any higher than a cent. A consolidation now would magnify shareholder dilution with a tanking sp.
It will be interesting to see if Directors can keep going in this manner. Got some cheek I'll give them that.
Surely Directors feel some pressure now. If I was a Director and confident this business would eventually turn a good profit I would start taking shares in lieu of salary. This would conserve some cash. Directors should be able to afford around 50%. Thanking loyal shareholders for their support in our current situation is not near good enough. Directors have had a pretty good run with their OBL careers. It's now time to do something for their diluted shareholders
When a business does not make any money. Spends money every day to remain a business. Regularly issuing more shares to acquire cash to fund a business that doesn't make any money I think it's pretty obvious where this type of business eventually ends up.
Our current situation now calls for a company making announcement that floors all and sundry...........otherwise a miracle.
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