RE: Share consolidation7 Feb 2022 12:08
I know Rambler RMM did a share consolidation. They had several billions of shares, and now only have 145M shares in issue.
However, sometimes being a penny stock actually attracts more investors since people think the stock is only a penny (when they should be going by Market Cap).
With regards to the name Alien:
Dennis Edmonds, the Executive Chairman at the time of re-branding from Arian Silver said, "Alien refers to “other” or “unknown”, not extra-terrestrial. The rebranding exposes the adventurous spirit behind the company. The new name doesn’t say what we do. One reason is we don’t know what we will do.”
I personally think we will find lots of Nickel & Copper at Elizabeth Hill/Munni Munni. The Halo is looking very interesting and Bill said the source of the halo can usually be deeper.
Also the ticker UFO always stands out :)