Ok , I am feeling a bit stupid now, tucked these into the bottom drawer given the long hiatus and did not pay attention. I have spent the last 20 minutes going through the updates to try and work out how badly holders have been screwed over and found it all to hard.
So
The proposed consolidation did not take place
Existing holders are getting nothing for their holding
Existing holders get to stump up coin for an interest in the new company MMM again through the $5million priority placement .20c a share
We will provide the bozo who drove value of my holding to nil some free shares as a bonus
Is this about right, more than happy to be told I have missed something or have no idea
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