cr and consolidation

I feel that the coy should go the whole way.

There will obviously be a reduction in the CR price maybe .028 - .03. resulting in 10-15% less capital raised unless they increase the no of shares issued to the 15% max level (above which a shareholder meeting is required)

This will of course then increases the shares on issue which makes SBL a real MICKY MOUSE coy with 3b+ shares on issue.

So why not go the whole hog and do a share consolidation at the same time of say 1 for 10 valuing each share at 30c, this may get rid of the crap that day traders go on with and attract some Institutional funds,while retaining the genuine independant shareholder.

The share value will then slowly appreciate along with the coy value. Fear and greed from the ignorant is no benefit to any of us.

This CR was badly advised by Pattersons and fell on the traders sword.