GREY:FIORF - Post by User
Comment by
UlyseesConstanton Aug 27, 2018 2:45pm
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Post# 28524240
RE:RE:RE:What is the company's plan to raise operating capital?
RE:RE:RE:What is the company's plan to raise operating capital?It won't remove the shares on the German market. If MDM managment cannot get the Clreastream decision reversed, then the untreadeable shares should likely be cancelled. No use having useless untradable shares there. MDM can reuissue .22 cent shares from treasury.Here's hoping Clearstream reversers itslelf.
I have always thought that a reverse split is a very bad idea - but it may be the only way to raise money. I.e. do a 5-1 or 10-1 reverse split, consolidate shares and raise new capital. Reverse splits never work out for the existing shareholders. NEVER.
Hence, the best alternative for raising capital to find a buyer with a business brain in this field that make use of the existing assets.