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3.9¢ carnegie clean energy limited

You don't want a consolidation IMO. It is a penny stock and will...

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Teddyward

5,445 Posts.

160

13/05/18

19:39

Post #: 33064297
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Originally posted by Reillyblue ↑

One of my big issues with this cash raise is that I believe that what will follow is a consolidation. The reason I have a problem with that is it remov es the phase of growth where investors can make significant money. Going from 3c to $1 offers far more return than the share consolidation would offer.
It is clear that with close to 3 billion shares any further cash raise at this price is almost impossible to raise funds needed. Where is the money going to come from for the 100mw solar farm? If they consolidate at 30 to 1 the shares on offer is greatly reduced. The share price gets close to $1.
The company then goes back to the market, offers more shares and it is easier to raise money at $1 than 3c.
It is a pretty average act for long term holders but I can’t see anyway forward. It almost mimics what LON has done recently.
I hope they address this at investor presentations.

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You don't want a consolidation IMO. It is a penny stock and will be liquid only just because of that. When if ever it has some return from actually building and making something at a decent margin greater than expenses burden than it may be a future option.

Consolidations only work with the occasional stock for various reasons IMO

CCE Price at posting: 3.0¢ Sentiment: None Disclosure: Not Held
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Last 3.9¢		Change -0.001(2.50%)		Mkt cap ! $13.91M

Open	High	Low	Value	Volume
4.0¢	4.0¢	3.9¢	$603	15.38K

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No.	Vol.	Price($)
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Price($)	Vol.	No.
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