Well maybe current holders are thinking any shares they have now can be sold at .002 which equates to .09 post consolidation.
If they think that the cr will be offered on one new share for every three shares sold, they can off load one third of current holdings at the = to .09 then buy back the same number of shares at = to .05 this lowers there buy in price.
There is also 250,207,604 options issued free under the last cr at nil cost, these have a conversion rate of around .001111 pre consolidation or .05 post consolidation.
As for the market capital post consolidation well this is a hard one to work out because of the unknown but I will give it a go.
Currently there are 1,834,855,763 shares on issue this will equate to 40,774,572 on issue post consolidation.
140,000,000 shares are to be issued to Shareroot owners
120,000,000 shares performance based can be issued subject to certain conditions
80,000,000 shares maybe issued to raise $4m
5,060,168 shares could be issued if all .05 conversion options are converted
This gives a total of 265,834,740 leaving out the performance shares this would give a market capital of 23,925,126 based on a sp of .09.
DYOR
MOO Price at posting:
0.2¢ Sentiment: Hold Disclosure: Held
