This whole entitlement and consolidation destroys and value for any share holder that bought above 0.001 cent. Sets up an instant 25% profit for sophisticated investors and a big FU for everyone else. They will consolidate then put out an announcement and then sell. Thats insider trading. Thats why they never announce anything to improve the sp before a CR. Very few long timers will buy into this. I diluted down from $2.50 PS after peters 100:1 consolidation to have a chance of recovering some of my investment and this mob just keep kicking the company in the guts. They are meant to build Value for SH but just build value for themselves. I have submitted a complaint to ASIC requesting an investigation into the actions of this company. This latest step proves they dont give a damn about SH. If they did they would build value first and then do a CR to reduce to number of shares floating.
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