PV1 5.26% 1.8¢ provaris energy ltd

bcsiles,I think you'll find the order is:1. Swap Options to...

  1. 457 Posts.
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    bcsiles,

    I think you'll find the order is:

    1. Swap Options to shares on a 1 for 4 basis.
    2. Consolidate ALL shares on a 1 for 10 basis.

    Therefore initially there will be an extra 141M shares (or an extra 10% if you like)in exchange for the options and these will become 14.1M shares post consolidation (but still 10%). In theory then current sh's are diluted 9.01%. Yippeee!!! a 9.01% reduction in value simply for holding shares.......
 
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