Geoffrey10,
Good summary. That is the way I read it.
PP
A 3 for 1 consolidation will not reduce the number of holders, just reduce the number of shares they hold. Your comment through on the first step to share consolidation could be correct.
1. remove parcels that are unsalable.
2. allow a significant reduction in the next lot
3. Consolidate
ozl starts to manage the share register, page-7
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