POW 0.00% 0.8¢ protean energy limited

Ann: Consolidation/Split - POW, page-5

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  1. 670 Posts.
    lightbulb Created with Sketch. 11
    12,650,000 shares sold into .002 today.

    I'd be more likely to ask the question, how does a company go from IPO to 7,521,362,694 shares in around 18 months if I'm not to mistaken?

    After the 30 for 1 consolidation there will still be 250,712,090 shares on issue and then you can start adding options and "performance shares" onto that figure.

    I liked the Vanadium Redox Flow battery idea, but these guys really know how to issue stock.

    Can anyone here do a quick rundown on the back story here concerning the massive dilution?
 
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