This can't be announced because the ODN share holder meeting to vote for the acquisition hasn't happened yet. That's the next step, same as all other reverse-listings.
Next steps are:
1. Prospectus for the CR / IPO
2. Shareholder meeting to vote - this will outline consolidation
3. Suspension of securities
4. Wait for outcome of meeting, then re-compliance of ASX listing
5. Begin trading under new ticker
It's all going ahead, just have to wait for the normal process to occur, which usually takes 2-4 months.
ODN Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
