BP, Now we have the share consolidation out on the table as i raised recently, i cant see a 10:1 consolidation. That would give us (after equity share allocation & adjustment) 270M shares on issue which is relatively small after you take back off the table the tightly held stock by management and some on here. Sounds goods but you do need share turnover and with so much tightly held it would be somewhat problematic i believe. I think a number more like around half this 5;1 is more likely and that would give 540M on issue and would trade more freely.
Now that being said i wasn't at the meeting so have to take this on on face value... but it does not compute with rational thinking.
Anyway - Hypothetically speaking if they did go for this level of consolidation - Hang on tight and DO NOT sell down as the ride will be awesome as they have gone the guts!
RT
Ann: Annual General Meeting Presentation, page-12
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