Ann: Defamation Legal Proceedings by John Heugh , page-39

<"""(We had consolidation 5:1 so that we were not a penny dreadful and would not be manipulated/shorted on the asx. --- now SP 6.7c old money,)""">

That was the biggest conn and the biggest lot of hogwash ever pushed around at the time. And the ones that believed in that crap, and supported it in full should bury their heads in shame.
I have made my views clear as soon as it was announced only to be ridiculed and personally attacked. But, I guess that even the chooks will eventually come home to roost at some stage or another.

Never ever, in my whole life of investing have I experienced a share consolidation working in favour of the retail investors. So, why should this time being different than the previous ones.??

I'll tell you, IMO those consolidations are just done by the companies in order to try and remove the penny dreadful picture from the company itself and to allow them to issue more shares because the price looks a little better than what it would at the penny levels. After all, issuing 100mill shares sound and looks much better than having to issue one 1/2 a billion shares or even 1 billion shares.

Finally, and for the records, what was the sp as soon as the consolidation took place, and what is the sp languishing now at.??
At what discount.???

And what was the sp at when JH was shown the exit door from his MD/CEO position.??