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So, let's assume that the consolidation is going ahead as I'm...

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    So, let's assume that the consolidation is going ahead as I'm sure management have the numbers to get the resolution over the line. Issue date for new shares is 4th Sept.

    And we all know a CR is coming. The only thing we don't know is when and how much.

    I assume that it is unlikely that a CR is announced before the consolidated shares start trading on Sept 4.

    What do management do ?

    Let's assume SP will remain at 0.002 so consolidated SP is 0.04.

    Do they CR at the same time, at say a small discount 0.038 ?
    Or, do they wait to see how trading goes post consolidation. The risk being that the SP might drop and any CR would need more shares to raise the same amount ?

    Or, is Sept way too early for a CR ?

    There is so many ways this could go from here.



 
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