The consolidation was contingent of resolutions 1, 5 and 11 passing in the EGM vote. Even though the purchase of Holiday Plant (1), the capital raising (5) and issue of promoter shares (11) did not go actually ahead, as these resolutions passed the vote the consolidation will stand irrespective of what happens in the future.
When the company finds another business to reverse list, it will have to raise money at 20cps as it is still subject to the re-compliance listing rules.
RGX Price at posting:
0.5¢ Sentiment: Hold Disclosure: Held
