EIO energio limited
Add to My Watchlist 3.57% ! 29.0¢

Company's announcement stated:...strengthen the company?s...

  1. practisingaccountant
    9,544 Posts.
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    04/07/11
    23:23
    Post #: 8628303
    Company's announcement stated:

    ...strengthen the company?s shareholder base and to maximise shareholder value ahead of recomplying with Chapters 1 & 2.

    What do ASX listing rules chapters 1 and 2 require other than having a share price of at least 20c?

    Posters have been alluding to a consolidation of 5:1 to take it to 20c and suggesting a cr is on the way. Is this based on publicly known facts, announcements or hearsay (never doubt the potency of hearsay imo)

    Thanks
    EIO Price at posting: 29.0¢ Sentiment: Buy Disclosure: Not Held
    Likes Created with Sketch. 1  Upvote
    lightbulb Created with Sketch.  Great analysis
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