Ann: Non-Renounceable Entitlement Offer - Notice of Results, page-26

The only reason for liking a share consolidation is when in ECT's case EACH of the directors own at least half a billion in script i.e. 6.25%+. So if they cannot organise the company to make real money then they will have to go home and clearly explain to their families as to how/why the various contributed $'s have been badly burnt after some share consolidation - just like all the other poor bastard shareholders.

Sadly for someone like Lloyd Thompson (the biggest holder), who from my conversations with I consider a genuine good man, would dragged into the mire with the rest.

Some of the directors seem to have dodged the buying of large volume script responsibilities therefore the public cohort are always at risk of getting badly burnt.