Saved from receivers. Backers are confident it's a turnaround. Some new experienced managers. One will pay $500000 for his entitlement.
4 cents will hurt newcomers but gives older holders a chance to recover.
Holdings will increase by 150% for 4 cents.
Free options, that will be a play in itself. I will be given more options than my current holding.
Looks like the record date will be set before trading commences.
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Ann: Recapitalisation to Underpin Transformational 2018, page-6
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