WAKEY PEEPS (some) here is your free history lesson
Before name change and 25:1 consolidation this company since inception has taken close to 100 mil$ off punters to get to from where to where??
check this example out, and some may wish to rethink their strategy
1/8/03 CR at 20 cents raised 1.5 mil$
Added 1.5 mil shares shares = 121 million
14/3/08 CR at 21 cents raised 5 mil$
Added 24 mil shares shares = 242 million
28/5/14 keeping to pre-consolidation numbers to form a correct comparison
at name change from GGP to OGI
SP = 0.001
shares = 4.799 billion
5/9/14 3B note conversion added 3.417 billion shares total shares now = 8.216 billion
21/10/14 still staying with pre-cons numbers
3B note conversion added 1.797 billion shares total shares now = 10.013 billion
still to add to register are more conversions of the series notes for a certain group to recoup some of their funds that have been tied up in these notes for quite a while now
series 1 $175k
series 2 $206k
series 3 $330k
conv sec $550k
total here is 1.261 mil$ yet to be converted
- if all goes to plan?
so one may imagine SP could possibly be brought down to somewhere around last conv rate as shown in 3B on 21/10/14 which was approx. 0.006 conv rate.
on above figures what have they got-still no graphite ground just a bucket load of shareholder funds and even more shares - oh forgot, diamonds!
imo only a punters stock
OGI Price at posting:
1.3¢ Sentiment: None Disclosure: Not Held