when this is consolidated,why will that make a percentage difference to our holding,i understand that city people show no interest in penny shares,but not sure why this should pick up from these levels.I have been in this since crosby days and welcome any info.
Depends on: if my missus needs to go spend money i guess lol
The way i say it, Zol is on its way to be a big player, just like father did, get involved in oil and made his billions, the son is following the same path..Daddy has thefinance and political connections to pick up assets on the cheap just like this one.
not being hyped up, but you have to consider the bigger picture of how things will play out post consolidation.
1. After consolidation - there will be only 60m shares issued, out of that 85% will be in the hands of the major backers and directors. leaving only 9m to the public. - extremely tight free float and liquidity. The penny traders will not be able to play with this share.
2. This company is Abramovichs company to all intent and purposes, further acquisitions will be funded by him via shares issued to him - so it makes sense to have only 60m in issue which can be increased, rather than billions + billions.
3. A poster on advfn , stated post consolidation, Zol will be partaking in an ii roadshow. Instituitions are not attracted to "penny shares" with hundreds of millions/billions of shares in issue.
OK, I am not really understanding why everyone is hyping the 4th July reverse stock split. It is normally undertaken by troubling companies, or those wanting to avoid being delisted from AIM. I am not suggesting that Zoltav fall within this category, but all the same it will not necessarily have a positive effect on the shareholding. If someone supporting the RSS and sees a reason to be excited about this, I would appreciate an explanation...
Alaska, is the latest arrival destination for Abramovich's aircraft. It's been to every corner of eastern Siberia to Alaska this week, something is being worked on. The Rns did mention a portfolio, not just the oil license. Thursday, is the big day folks, July the 4th!
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