SJB:Not many went thru at 0.2c and even less at 0.5c, I think...

SJB:
Not many went thru at 0.2c and even less at 0.5c, I think dumb luck more than anything. And unlikely the same buyers/sellers. Maybe some 0.2c got outr at 0.4c

SV:
Its a dark "shadow" you post. I cant see how they will raise US$59mil without causing shareprice destruction. A consolidation might limit the destruction to 0.3c, which is a win in my book because we trade their every second day anyway.

Without consolidation, people would be stupid to pay 0.3c, look at companies like AUZ at 0.1c, its virtually impossible to sell at 0.2c

We would have same situation. Buy at 0.3c but cant sell at 0.4c

US$59mil is alot of shares to churn. So no consolidation would mean issue price under 0.3c, perhaps 0.25c

The 2bil shares issued to SOCA is ok, no problem with that. They might keep them or sell them. Doesnt bother me.

But the cash component needs to come from somewhere. And it is many multiples of our current market cap. That poses problems.

My preference is less than 90% of Trinidad, a share consolidation, placement to cornerstone investor(tony sage?), followed by SPP or rights on same discounted terms.

That will average everyone down and should make coin out of it IMO