The Board is only misinforming the share holders of the troubled...

_{The Board is only misinforming the share holders of the troubled & poorly performing company!}

5. Resolution 4 – Consolidation of Shares
Purpose of proposed resolution
The Directors propose the resolution as the Consolidation will result in a more appropriate and effective capital structure for the Company and a share price more appealing to a wider range of investors.
The Company currently has 2,800,160,070 Shares on issue which for a company of its size is a very large number and subjects Shareholders to several disadvantages, including:

(a) poor market perception as investors equate the low share price with the perception of a "troubled or poorly performing company";

(b) vulnerability to speculative day-trading and short selling, which generates share price volatility;

and (c) discouraging quality, long term institutional investors, equity funds and lending institutions seeking stability and long-term growth.

**"The Board believes these factors can be minimised by the Consolidation"**

<sub>The Board is only misinforming the share holders of the troubled & poorly performing company!

Even quoting the asx has got their back
""ASX has advised that, in its opinion, the agreement should be approved by security holders.""</sub>
4. Resolution 3 – Ratification of Previous Redeemable Convertible Note Issue

Will share holders get to view that letter of advice from asx?
Are you making this sheet up on the fly DICK TRACEY?
FID