Ann: Capital Reconstruction Appendix 3A.3, page-45

Looks like a few short term traders bailing out today, the company is much better off in the long term without the day traders who churn it up and down for pips on a 2 cent stock which has big % moves like 5-10% which is good for them but a complete turnoff for institutions who if they want a decent size position have to pay up to build a decent position and when they have finished buying in volume the share often drops back down to where it was before they started buying and they start off with a 10% loss, this problem is much less of an issue for a 50 cent stock because the day to day movements are much lower as a % compared to a low cents stock and a stock being more attractive for institutions can only be good for the register.
Boab Metals is a producer in the making and a natural fit for institutional resource stock investors with the high quality of the Sorby Hills project and the consolidation is likely to make the company a lot more attractive to these type of investors but less attractive for the day traders.