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Icarus

7,359 Posts.

256

06/07/17

14:03

Post #: 25704870
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Originally posted by skyscraper99 ↑

It would have been if there was not already another consolidation since it halted 2 years ago or so.
I thought the orevious one was 5 to 1 as well but seems it was 3 to 1

So 100k divided by 3 and divide again by 5

There will be 2 consolidations since it halted if it proceeds as proposed.
Is Angus also subject to the 2 consolidations.
If someone could dig up the old performance shares pre consolidation that will give us a starting point.

What performance have been met to gain these shares?
Other than cutting shareholder value by 75%.

As for the raise.
Their hope is to get this from a fund and if they do this will mean the end to any further shareholder vote as they will have the numbers.

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I think you will find they have voted themselves enough shares so they will not feel finacial pain in the consolidation , but for the rest we take it up the proverbial.

VNX Price at posting: 0.0¢ Sentiment: None Disclosure: Held
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