Who are the biggest holders now, I know a lot has changed since the cap raises, and parennial getting out.
This data was accurate as of last september.
Im trying to work out how many holders could actually stop the consolidation happening, dont see anyone other than management being in favour of it (given its just an extra expense, usually ends in a poorer market cap so shareholders lose out, usually followed by a CR at the new consolidated price as management.)
Really there is no benefit for shareholders at all, so should not be hard to get this stopped. Really do think if passed its the end of the company, as writing will be on the wall, CR at another price, trying to get a bunch of new investors on board, more dilution, share price drips back down as they do the whole charade for another 5 years or so until they bleed the new investors dry.
With 1960 million shares on issue, top 20 do have around 45% , contacting them and putting the case to vote for no consolidation might stop it.
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