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24/05/16
18:02
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Originally posted by jasmac
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Yes very speculative. I guess my query is more what reasons do we know of for undergoing this at this time.. it is a massive registry tidy up.
My first thought was prepping for a much needed consolidation..? And as ziggy and the company have stated they understand that a consol is needed but they are unwilling to do one without some massive positive news to go with it.. well.. does this mean news is coming sooner rather than later.
And if so what news.
Other reasons to clean up the registry... opens the way for cornerstone investors.. is there someone waiting in the wings to snaffle up the 114 million shares about to eh released onto market...? Its not a huge dollar figure (at 0.5cents we are talking around 570 thousand dollars worth of shares) after which the registry will be a lot more tightly held - with only 1600 odd shareholders..
Just pondering is all - the recent slow climb, increased volume, and impending unmarketable share release got me wondering.
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Now that the shares are up 66% from when that announcement was made will the parcels that are now marketable no longer be sold as a part of this? Or will it be based as at the date of the announcement?