"if it consolidated it would be 8 cents with 250 mil shares"
yes but it hasn't.
compare it to other stocks with billions of shares. they are all "undervalued". why? because they are a breeding ground for manipulation.
look, i'll be honest with you. i actually believe that the maths add up on this, and if they get the results they desire, the company is most certainly worth upwards of 5c right now.
but in my opinion this whole affair has been mismanaged. too many shares issued to too many sophs, no rewards for long suffering shareholders, desperately in need of a restructure, information all coming way too late ( don't forget that some people held this waiting a whole year for an update on what the fees to cygnet had actually bought). too many cloak and dagger cap raisings.
i sure hope you all get your 5c. but compare it to other super diluted stocks, and you will see that you have quite a task on your hands
FUT Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held