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0.0¢ cockatoo coal limited

Ann: Notice of Annual General Meeting/Proxy Form-COK.AX, page-13

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gwil

1,204 Posts.

24/10/16

18:50

Post #: 20084573
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Originally posted by Gary50 ↑

Be interested what others think. I'm a bit annoyed with the 500:1 consolidation happening before re-listing without the chance to trade and average down by buying at .001. Many of us I'm sure are locked in at an average price well above .001 (good luck to those in at this price). I know it's theoretically the same but seems to me the chance to see a rapid increase from (say) .001 to .005 (5x) is easier than going from 0.50 (the same theoretical price of 500 times the current price) to $2.50. Also, long standing shareholders have lost up to 99% of capital value - at least we couldn't go any lower at .001. At 0.50 (assumption) there is no guarantee the brand is so damaged that the SP doesn't actually start to drop on re-list and we see even further capital losses. The opportunity for further capital loss is again on the table, whereas at .001 it was not. I would have preferred a period to trade at .001 before consolidation took place. Any views?

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Hi Gary;

I agree I will be left with 2 shares, that's the thanks for being a very long term investor with COK including the belief going forward of the last cash raising.
Distressed mum/dad investor.
gwil

COK Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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0 Great analysis

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