banana republic

Don't you just love a share consolidation to grow shareholder wealth and engender confidence in a Board of Directors.

Ordinary shares

Movements in ordinary shares on issue
At 01 Jul 2011 1,667,661,293
Issued 22 Jul 2011 3,000,000
Issued 22 Jul 2011 16,500,000
Issued 25 Jul 2011 25,000,000
Issued 1 Aug 2011 25,000,000
Issued 8 Aug 2011 25,000,000
Issued 15 Aug 2011 50,000,000
Issued 22 Aug 2011 50,000,000
Issued 1 Sept 2011 23,529,412
Issued 21 Sept 2011 17,647,059
Issued 13 Oct 2011 44,117,647
Issued 18 Oct 2011 53,571,429
Issued 31 Oct 2011 29,411,765
***Share Consolidation (1,928,916,284) -
Issued 23 Nov 2011 3,571,429
Issued 16 Dec 2011 2,054,795
Issued 20 Dec 2011 3,597,122

At 31 Dec 2011 110,745,667
*** On 14 October 2011, company did a share consolidation by issuing one share for every twenty shares held.
As a result 1,928,916,284 shares were cancelled.

Since then thanks to our incompetent board, we now have some 1,900,000,000 of shares worth less now than before the great savior of consolidation.

GIVE THE BOARD SOME PEANUTS, BECAUSE YOU SURELY CANNOT JUSTIFY A SALARY ON THAT PERFORMANCE.

Anyone want to try and justify the consolidation required to add value????