Consolidation doesn’t really make any difference IMO. The dilution has already occurred and it’s all just a function of MC v shares on issue.
If we consolidate by 10:1 now then our 20c sp target today becomes $2 tomorrow but if your average is 5c today it becomes 50c tomorrow so a MC of $1b still only gives you 4 bags.
Ann: Application for quotation of securities - IXR, page-5
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