good post. but diluting to 4 billion and thinking pi who have seen it many times before will now be mugged by a higher price for less shares after matts endless promisses i think will not do much. another luxury life paid for by aim invesyors
is often the last throw of the dice. Or at least it has been in those shares I have been involved with. However, with oil and gas prices surely continuing north any talk of reduced global reliance on oil and gas is very premature. We've been through all this before three or four times in my experience and prices have always made a good recovery. Once prices recover asset and company value follows which after all underpins the shares.
Fundamentals are what its all about and minnows, assuming they survive these prices, are the ones who stand to gain the most. Despite all that has been said on this BB I believe this company is well run compared to many others with a sound if changing strategy of exploiting existing oil/gas plays. But then I always did like a gamble and this is turning into some gamble. GLA
Proposal is a 50 to 1 conversion. Aim is to make market less volatile (small changes in price currently mean massive change in mcap), and also puts Sp firmly above 0.01p so if Ntog want to issue more shares to fund a further acquisition then they are more able to.
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