SLOGGER
I think you'll find that they had no choice in the matter. Listing Rules can get a bit tricky.
The exercise value of the listed options must be 20 cents. If they were a 2 cent option, the minimum consolidation would be 10 for 1.
The only way around it would be to delay the reconstruction until after the listed options expire on 30/4/2012, and that ain't going to happen!!!
SLOGGERI think you'll find that they had no choice in the...
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