UJO ConsolidationDear23 Sep 2020 16:44
Dear shareholders we all own a very small %age of 20billion shares and there is little doubt that a consolidation will take place sometime in the near future & probably following the result of the planned drilling which is soon to take place. Hopefully that will be good news otherwise the share price will crash coupled with panic selling and us old stagers sitting sick as parrots. If we receive good news it will encourage the BOD to act quickly and reduce the unwieldy number of shares to a more reasonable level probably by issueing new shares & consolidating not 1 for 10 old shares nor 1 for 100 but 1 for 1000 old shares - that will really set the cat amongst the pigeons! Even if this drastic share reduction was to be undertaken the register would still contain 20million shares. Heid, over to you - the grouch has spoken!