RE:RE:RE:I'll bet Oban does the share consolidation soon after mergephilway wrote: Moonshot maybe this is before your time but SAS-T also did an 8 to 1 share rollback. And their float at the time was 1/10 of what Oban's 1.1 billion shares.
I don't know when SAS had their rollback, why, or at what price, but if you note, GBB had a rollback which was an almost inevitable event--their shares were only at 1.5-2 cents leading to balkanization. Nobody wants to pay a 33% premium to buy a stock at the ask. IMO, there are few bona fide reasons to roll back the share price above $0.10 unless it is decided to make a stock marginable.
Even if OBM decided to have a rollback as you believe, this is pretty much a non-event. A 10 to one rollback reduces the share count by 90% but increases the value of the shares by 1000%
I think TME shareholders will be disappointed if they turn down this deal. This combo is just a couple of drill holes away from a rise in price. There is little drilling / exploration taking place,and EAG/ OBM has the property and the money to do it. EAG is way under the radar. Few investors ever heard of it.
Anyhow, I am hedged either way whether TME shareholders accept or reject the offer.