All sounds great until you wonder how they are going to pay for the acquisition if RENT. The share price consolidation to 20 cents is obviously to make a share offer more viable, but the diluted value of the shares will push the price down again. Why would they sign a binding agreement when they need shareholder approval and more money?
I have been with this company since it changed from being a Telco, became a Biotech and then changed directors who made it a mining company so that they could dispose of their worthless mining leases. I hope it increases enough so I can finally bail out. As a previous message though, what has happened to the mid Jan announcement.
SLT Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held