Constellation have proved to be a disappointing investment. However I never stated buy or sell and wrote that there was a risk with the company due to its small size in the field it trades. The company are trying to expand and one day you might see some corporate activity or a reverse take over involving a larger company. However, that on its will not guarantee that the share price will rise. One to watch.
The problem for you is that I have been proved correct about QXL. This thread is an important warning about what could happen with these bonds. The Equity Commitment could come back to haunt shareholders if the price of QXL falls to less than 0.75p per share. That share price is not impossible looking forward 6/12 months. At 0.75p per share thats about another 1.5 billion shares in issue just for the Equity Commitment.
I am sorry that you feel the need to bring up another company. Its a smokescreen.
I am sorry that the facts and the truth dont go down well with your pocket.
I therefore invite you to answer my question as to the impact of equity dilution.
I am not trying to scare anybody but the risk is that QXL could end up with 3 billion shares in issue.
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