Muzz my understanding of a share conversion 30:1 means that if...

Muzz my understanding of a share conversion 30:1 means that if you owned 30 shares valued at 1 cents each they would be converted to only 1 share with a 30 cents value. This reduces the number of shares on the register in total.

So in that scenario 30,000 shares would be reduced in size to 3,000 shares. Yes same financial value, but a lot less holding. It also allows the company to reissue more shares to raise capital again.

Does not mean free shares sorry! (unless I am interpreting the SNE story wrong)

Rexsh...they may have more projects and I am sure they do...but why talk to SNE in the first place? Surely with funds from BPT, ADE can get themselves up and running properly.

Lets say they merge as discussed. Means shares on issue will be affected, (probably increased) price will be affected and BPT will probably end up with over 50% holding without paying a cent. (based on their current SNE holding)

At present I see BPT capping the ADE price until more good news comes along from drilling etc.

Not saying I am writing them off, just trying to understand the logic and what it really means for us shareholders.

Amok