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As a result, the current price of 4 cents will increase by 40 cents after consolidating at a ratio of 1:10, decreasing your share while maintaining holding value. Assume you have 1000 lots. Your share becomes 100 lots, and will be rewarded with free warrants.
And another 150 million shares will be issued at discount (for 4 consolidated shares isue 3 shares + 1 warrant) doubling the shares number in 50% dilution of old shares. The price of new shares is at big discount. Feel sorry for thouse who paid 0.04.
Well, look at action today. Price is down. And when numbers of shares is doubled with issue price at discount ... I wonder what it will do to existing valuation. I feel sorry for shareholders. Management put all the cost on them.
