Be realisticWith the problem news from Scivac and a global slowdown due to china etc, scivac has a real issue. To let such a massive drop occur either shows they are incompetent regarding investor relation, they don’t care, or the valuation was way off, whichever, it is not good for shareholders.
Correct, they will have to do a share consolidation to list in the US, but it needs to be well above this price, nearer towards $1, which means a 400% increase from here (champagne!)……..hmmm!
assuming they could get there, a 5:1 rollback gives them an amiable listing price of +/-£5. Currently at 25c, if they only get a 100% increase to 50c they it would need a 10:1 rollback to $5.
Assuming a listing is well received and marketing takes them to US$10 per share that is a massive difference in return, even bearing in mind that original LVN shareholders have a current 9c per share uplift due to 50% new LVN shares given, one has to be realistic on what to expect.
having been on this board for many years, old LVN shareholders now Scivac, purchases varied from 25c to well over 60c, now if you are in the upper range your return after a rollback is minimal and after so many years, even more so as the share price in this environment could get to 20c. The only bright light is that the number of shares traded daily in minimal to the outstanding amount.
Thoughts?