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.
- Forums
- ASX - By Stock
- AUL
- Ann: Proposed Share Consolidation - Questions and Answers
Ann: Proposed Share Consolidation - Questions and Answers, page-22
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add AUL (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
EQN
EQUINOX RESOURCES LIMITED.
Zac Komur, MD & CEO
Zac Komur
MD & CEO
SPONSORED BY The Market Online