FUT 0.00% 1.4¢ future corporation australia limited

Lol Hudson,If this company was diluted any further it would...

  1. 2,445 Posts.
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    Lol Hudson,

    If this company was diluted any further it would almost disappear.

    Looking to the future, and say FUT come up with
    A promising JV or hit decent oil ( not 35 bpd)
    Then it will be my understanding that further money
    Would be needed to fund such a find/deal,
    Thus making it virtually impossible to raise from
    The prices we are currently at.
    The only other solution is then to shut shop
    And launch a new prospectus, and with a min float
    Of 20c it would mean 100 of current FUT stock for 1 single
    Share.
    I could be wrong, but the dilution is probably the worst thing
    To happen.
    Now it would take some serious news to move SP,
    Furthermore Hero,
    In relation to your comments about the efforts of
    Managment, I leave you this for a thought, this
    Is how I see FUT in the past year

    Share price crashing, was over 1c not to long ago
    Managment huge payrises (not justified in my eyes)
    Not a single milestone reached
    Atocha dead and buried with no $$$ to pursue
    The lake was supposed to be drilled..... Only getting a % of 35bpd
    Hardly a find in my eyes,
    Shareholders been left in the dark regarding status and direction.
    Also,
    Where was/is barnaby to go out n buy onmarket to show people he has faith in FUT.
    Sadly I AM a shareholder and would love to be proven wrong, but that is my perception of FUT

    Cheers
 
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Currently unlisted public company.

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