Consolidation will be needed, having a billion shares is an administrative nightmare and has zero impact on the value of your holdings I've done it a dozen times for various boards, the only downside is if you have an unsophisticated retail investors who make noise because they think its a scam. It takes a good lawyer 30-45minutes to do the paperwork. Your percentage ownership of the company doesn't change. Each to their own, I guess. I'm here purely for interest towards whether the second claimant extension onto Denmark is successful. The legal precedence impact is more important than the exploitation license of a tiny microcap asx stock.
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- Ann: Withdrawal of Resolution 4, Consolidation of Share Capital
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