Yeah, I think there is potentially something else going on here,...

Yeah, I think there is potentially something else going on here, behind the scenes.

They would have consulted Lind Partners about this, before doing the consolidation.

I think the deal would have been, that Lind could sell their shares on market in support of the consolidation, which Lind have now done.

I think they may have also gone to the ASX with something they wanted to do, though I don't know what it specifically might be, and the ASX have said ok, but first you must consolidate your share structure.

I don't think we are going to find out what this is all about until a week or two after the consolidation is complete.

I wouldn't be surprised if it has something to do with the Options, because I've seen this before.

Otherwise maybe, the CEO is up for re-election this year, so perhaps it has something to do with that, possibly a Brazilian JV or other interests.

The other completely left field thought, and something I have seen many times at this end of the market, is a "Reverse Takeover", by a private group who are wanting to list on the ASX, with CG probably staying on the board of the new or combined company, in return for his support. I've seen this a hundred times, that is, a share consolidation before a reverse takeover.

This is all very interesting.

Either way, IMHO, something else is going on behind the scenes, and I think that perhaps those people who have been mopping up all the 150 million shares at 0.001c may have known about it.

I don't think we are going to find out until some weeks after the consolidation takes effect. Look at the dates, and pencil in the month following this consolidation completion, to closely watch the announcements for this company.

Something is cooking behind the scenes IMHO.

Gw