I'm here for long-term, so a 1 for 3 consolidation doesn't phase me because it reduces the SOI. My rough napkin calcs tell me that based on 1 for 3 consol:
Shares pre consol = 524m = equiv. 174m
Shares to be issued = 289m
Total SOI = 463m
Inferred post consol / raise / re-list market cap @ 3c = 463m x 0.03 = 13.9m
Cheers, for the concern though. It's definitely a key piece of information to consider.
ENB Price at posting:
1.1¢ Sentiment: Buy Disclosure: Held
