The ex-stockbroker ' whilst working tirelessly for shareholders' could see that after many submarket capital raisings , the shares had reached the lowest point on the stock market of one tenth of a cent. The stock rarely traded so he worked out the solution of getting shareholders to exchange 150 of their shares for one share . Within weeks this one share traded for 1.6 cents. Continuing in his tireless work for shareholders he sold Convertable notes to mostly non-existing shareholders for between 1-6 & 2.1 cents. This proved to be quite good deal for these sophisticated investors , as the shares had had a notional value of 15 cents & actually commenced trading at that price, after the consolidation , but within weeks fell to 1.6 cents, coincidentally the same price as some Convertable Note holders had converted at. DYOR
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