Hi,
Had a quick read through the paperwork concerning next weeks AGM. The Trading halt could indeed have to do with the consolidation of current shares and the new shares coming up... see below:
3.3 Timetable
The timetable for the consolidation of capital is as follows:
1. Inform ASX of Shareholder approval of reorganisation 15 November 2010
2. Trading in reorganised securities of a deferred settlement basis 17 November 2010
3. Record Date and register securities on a post-reorganisation
basis and issue holding statements
23 November 2010
4. Despatch date and deferred settlement market ends 30 November 2010
So keep fingers and toes crossed! So far they have done lots with not so much money so am impressed so far by this company: from being broke to going back into business..
Cheers,
Alex
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