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18,008 Posts.
167
11/02/11
19:00
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Ahh, as a small holder I didn't realise that I wouldn't have any - ANY - shares after the consolidation.
You would have to own over a million shares before consol, currently worth ten million dollars, to actually have any shares after the 10 cent payment.
This I believe may have been the component that the bigger share holders are after, like Coastal and GPG.
These may be worthless, but from 62,000 shareholders over 41,0000 shareholders will have their shareholding rounded down to nil for no consideration.
I wonder how may Hot Copperites hold more than a million shares now???
10 cent payment on 29th of March or sell now....
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