MDV 0.00% 0.3¢ medivac limited

consolidation of shares

  1. 8 Posts.
    Agenda for the upcoming AGM includes consolidation of shares:

    'The Board considers that the Company currently has a disproportionately high number of shares on issue
    compared to its market capitalisation and believes that consolidating the Company's share capital at a
    ratio of 1 new share for every 20 shares on issue will create a capital structure that is more appropriate for
    a listed entity of the Company's size and will reduce the current extreme volatility in the Company�s value.'

    Here I was thinking, great, at least at 0.2 cents there's (almost) really only one way it could go.

    Now 1 share for every 20. There's a lot of territory south of 4 cents...

    Interesting.
 
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Currently unlisted public company.

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