Haha, they won't let it. This announcement out today. Sorry,...

Haha, they won't let it. This announcement out today. Sorry, don't know how to copy the link so copied some parts of the anns below.

Thoughts from anyone on this consolidation?

8 July 2021
Market Announcements Office
ASX Limited
Unit consolidation - BetaShares U.S. Equities Strong Bear Hedge Fund - Currency Hedged
(ASX Code: BBUS)
BetaShares Capital Limited (BetaShares), the responsible entity of BetaShares U.S. Equities Strong
Bear Hedge Fund - Currency Hedged (BBUS), today announces the upcoming consolidation of the
units on issue in the Fund.
The consolidation will take effect from 12 August 2021. Once completed it is expected to result in a
more favourable bid-offer spread for investors in percentage terms.
This announcement contains details of the consolidation, its impact on units, tax considerations and
timeline. Please do not hesitate to contact Link Market Services or BetaShares if you have any
questions.
BBUS Unit Consolidation Summary
Overview:
• BBUS units will be consolidated on a 1 for 10 basis.
• the final day for trading BBUS units before the consolidation is 11 August 2021.
• the consolidation will take effect from 12 August 2021.

Impact of consolidation on unitholding
BBUS units on issue will be consolidated on a 1 for 10 basis. This means if an investor held 100
units prior to the consolidation, they will hold 10 units post consolidation.
Reason for the Consolidation
The consolidation of units on a 1 for 10 basis will cause an increase in BBUS’ unit price to reflect the
reduced number of units on issue, which is expected to result in a more favourable bid-offer spread
for investors in percentage terms.
To exemplify the impact of the unit consolidation on the bid-offer spread, we provide the following
example: At a unit price of ~$1.08, and assuming a 0.5 cent bid-offer spread, the percentage spread
is ~0.46%. At a post-consolidation unit price