By the looks of it yes!
50:1 is the largest consolidation i have seen for some time. So if you own 150,000 shares you will end up with 3,000 and from my experience value will keep dropping!
Perhaps everyone needs to attend AGM virtually and vote against performance rights issue because you would have to ask WHAT PERFORMANCE?!
All in my opinion of course
DYOR
Ann: Notice of Annual General Meeting/Proxy Form, page-3
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Last
29.0¢ |
Change
-0.020(6.45%) |
Mkt cap ! $28.54M | |||
| Open | High | Low | Value | Volume |
| 30.5¢ | 30.5¢ | 29.0¢ | $39.17K | 131.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 20000 | 28.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 29.0¢ | 689 | 1 |
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