everyone here knows about the consolidation except u .... do you get around with your eyes closed .. not too smart !! Resolution 15: Approval for consolidation of share capital To consider and, if thought fit, pass the following resolution as an ordinary resolution: “That, subject to all other Recapitalisation Resolutions being passed, pursuant to section 254H of the Corporations Act and for all other purposes, approval is given for the Company to consolidate its issued capital on the basis that: (a) every 100 Shares be consolidated into 1 Share; and (b) the Options and Warrants on issue be adjusted in accordance with Listing Rule 7.22.1, with effect from the day that is one Business Day after the Meeting, and where this consolidation results in a fraction of a Share, Warrant or Option being held, the Company be authorised to round that fraction up or down to the nearest whole number, with entitlements to less than half of a Share, Option or Warrant rounded down.” so mr smart guy can you work it out from here ..
TNC Price at posting:
31.5¢ Sentiment: Sell Disclosure: Held
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