Hi Rich
In my letter from NSL regarding the share offer to existing holders it clearly states 1 for 5 consolidation - so you would hold an even 20,000 post consolidation.
Which I guess means the 20c share offer is at a bit of a premium to the market price when they went into the trading halt. Maybe the directors are confident the price is going to be north of 20c in the near term...
Cheers
OT
Ann: Trading Halt , page-56
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