Very easily, you hold one hundred thousand.
Consolidation comes, now you hold one thousand (100:1).
I was a holder of EGO, thank goodness it wasn't going anywhere, so i jumped ship.
Share holder's worry was, EGO would accumulate more and more tenements with no cash used.
Just issuing hundreds of millions of shares.
That was my wake up call to to run.
Wasn't so lucky with others and have been caught a few times.
Never buy into any explorer with over six hundred million shares.
EXCEPT with MPJ. This was a mistake. A big mistake.
I have a sell in, at my entry price, but no one wants then at a sixth of a cent.
I didn't do my due diligence properly. Got sloppy.
Now their shares are up and over two billion and climbing.
The consolidation will only save management, so they can continue to play their game of collecting salaries and bonuses.
And of course extra share issues at the new consolidated share price.
MPJ Price at posting:
0.5¢ Sentiment: None Disclosure: Held