CNN 6.25% 15.0¢ cardia bioplastics limited

This is where a consolidation is needed and those who are...

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  1. 2,317 Posts.
    This is where a consolidation is needed and those who are against it just really have no idea how the market works. There is no point in waiting for them to get runs on the board. No one wants to pay a 50% premium to buy into this stock and then find the next day there down 33%. All positive announcements are sold into for this reason, those who paid high the previous announcement getting out. If people believe in the company the market cap should stay the same and post consolidation the price should hold. If doesn't it can't get any worse than it is now. Anyway, at least the holder of 36 million shares plus all the rest already bought couldn't clog the queue as they have been for the past few months. Now what's going happen a cap raising at .002c which no one will take up or .001c which is at a 50% discount to the current price. I'm sitting in queue at .001 might well wait there rather than take up the CR.
 
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