AUL 0.00% 28.5¢ austar gold limited

Ann: Proposed Share Consolidation - Questions and Answers, page-22

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  1. 2,861 Posts.
    lightbulb Created with Sketch. 1481
    Agree with your comments.
    I cannot possibly see how anyone can get anything out of that ann as the questions are either pointless or answers pointless.
    Obviously the real issue is that the SP has just continued to decline to where it is now, due to company performance. A higher SP "theoretically" may increase some trading opportunities, however, as other have said, a consolidation rarely actually does that and usually just allows a new level of decline to commence.
    The consolidation @ 100 to 1 seems over the top and no commentary as to why it has been specifically proposed at that level (perhaps a soften up to get consensus on a smaller one?)
    Certainly doesn't bode well without some other significant news and way forward which would be a better time to propose any sort of Company restructure.
    Last edited by pe981: 17/07/19
 
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