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Ann: Update - Consolidation/Split - AKK, page-3

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19,194 Posts.

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18/05/17

11:03

Post #: 24764700
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Originally posted by cmonaussie ↑

In a week's time (26th May, 2016) this headline can be celebrated by the pumpers:
Austin Exploration Ltd shares fly on oil discovery in Colorado

http://www.*.com.au/companies/news/...s-fly-on-oil-discovery-in-colorado-68852.html

I thought they may have meant the value per share would fly ... seems instead that the number of shares on issue is what flew.
Just jostling for position in the truck (beep, beep). Expect to be bumped by some clever cohort mentioning something like near 20 Billion shares issued (don't forget the 10:1 consolidation in 2014).
Maybe the name change will do it the world of good ... though the spelling might have been more accurate as "Freemount" instead of Fremont.
Presumably current shareholders will vote this consolidation through?

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Freemount

rotfl

AKK Price at posting: 0.3¢ Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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