Ill help...
From asx ann "I know that a number of shareholders are concerned about the communication of the share consolidation and its impact on the share price. With my shareholder’s hat on, I share those concerns. But let me provide a perspective that may assist. Firstly, the share consolidation changes only the number of shares and does not change the Company’s assets, or the share of those assets owned by each shareholder. Your Board was provided EXPERT ADVICE BY ORD MINNET before proceeding"
your beef should be with Ord Minnet ! They are the ones who recommended consolidation and said that's what investors WANTED (not guaranteeing investment) NOT management. Our directors then took that advice and put it to a vote for all shareholders. Truth may hurt but it pays to read announcements in full.
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