I asked my equity agent
in my country R/S, we call Share Consolidation.
The worst case is:-
after R/S they will issue New Equity(Rights Issue) or do the Placement. both are dilute the existing share holder benefit.
As the Q1 Report, it must recover, but they want to kick all Small Shareholder out now. they can use the lower price to buy back all our stock. like delisting the NBGGY. when it recovered, BIG shareholder will take all beneifit.
Why the company want to do the R/S?
1. as above
2. the price is too low, it cannot meet the rule of the authoritiy.
Let's see what will they do.
