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19:53
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Originally posted by OutResourced:
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Did you (and others) actually read the announcement or do any research?Many institutions we talk to are unable to invest in a company with so many shares outstanding such a low volatile share price as a consequence. I know that a number of shareholders are concerned about the communication of the share consolidation and its impact on the share price. With my shareholder’s hat on, I share those concerns. But let me provide a perspective that may assist. Firstly, the share consolidation changes only the number of shares and does not change the Company’s assets, or the share of those assets owned by each shareholder. Your Board was provided expert advice by Ord Minnett before proceeding, and we took the view that we have a duty to focus on the long-term shareholder value long-term value not LONG TERM. LONG TERM VALUE
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Would investors and creditors invest their money in a company that never showed its value? just looking for countable shares. if it the case a bit more to consolidate then. it might help to fast track.
(20min delay)