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Many are also excluding the fact that there will need to be CR...

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scar76

2,315 Posts.

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20/05/16

07:32

Post #: 17819482
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Originally posted by Graz ↑

Its not the value post consolidation it is the value after the issue of 169 million shares. The higher the consolidation ratio the less shares pan has on the registry.

If you consolidate to 50 million shares before the issue of 169 million you lose substantial ownership. If the market cap after the issue of shares doesn't substantiate the issue of shares you lose value.

If odn consolidates to 100million shares pre share issue the 169 million isn't worth as much as the ownership percentage is less.

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Many are also excluding the fact that there will need to be CR after consolidation, whether that be placement or expectation for retail investors to fund it.

ODN Price at posting: 1.1¢ Sentiment: None Disclosure: Held
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