Clearview, it is a 1 for 10 consolidation. This will be followed by a 1 for every 3 shares held after the consolidation. In effect 300,000 shares Will become 100,000 with 100,000 shares post consolidation you will be entitled to 33,333 options at the price of 1.2cents per option.
As in my original post from experience of other consolidations one would expect a devaluation of SP post consolidation i.e. 1.4 cents pre consolidation would most likely devalue to 10c rather than 14 cents. My thinking with most consolidations would be Sell then buy back post consolidation. With ANP and what is in the pipeline my opinion is totally opposite to the norm and I will be endeavouring to Buy pre consolidation.
ANP Price at posting:
14.0¢ Sentiment: Buy Disclosure: Held
