RE: Shareholders Vote On Eurasia's Proposed BusinYes, your 670,000 ill be worth 67000 shares.
each share valued t .70 cents.
Now your share value can drop from the .70 back to .07 and you still only have 67,000 shares.
The problem is that Eurasia has done nothing to improve shareholder value in th past. In fact it almost seems they go out of their way to keep the sp down. Mathematically the numbers work out the same but all too often after a reverse split the value keeps dropping.
It has a lot farther to fall from .70 that from .07
EGX sp was closer to .90 a few years back prior to the fall of gold.
Why is it still values at .07. They can't even keep the sp over a dime. The acquisition is good for EGX and Charltyn which means it should be good for all the shareholders but they have not taken care of the shareholders this far so why should we expect them to care about us now.
Again, why consolidate at 10/1 just to value the aquisition at 21.2/1 ?
Why keep Charaltyn shareholders out of the decision especially if they will own 97% of the outstanding shares?
Why is the consolidation hiddin in the release and mixed with "EGX will own 7%" post consolidation when in fact the 10/1 consolidation is to take place prior to the acquisition which is means EGX shareholders own 100% of the shares prior to a vote?
Why even mention EGX shareholders will own 7% after acquisition when it is the most irrelevent fact in the release and leave unclear the 10/1 consolidation is to take place prior.
We should be preparing now. Make sure you get your documents from EGX regarding the acquisition and read them carefully. Maybe we can do nothing but when we started with Leforrestier2 and myself with 370,000 shares. Within a few posts we are over a million not counting Noble1 or Goldfields. I don't know how many shares they have but people are posting here now and coming out of the wood work so our numbers can grow quickly. A concerted effort can give us a powerful voice. Maybe we end up with nothing we can do but we need to plan and our demise will not be do to lack of effort on our part or maybe we win.
Besides who says the 33,000,000 shares want to consolidate? Maybe they join us.