dont forget, page-24

Cadreelil,

Buddy, there is only one strategy for KAL shareholders if the directors pesist with this dumb arse idea to consolidate. That is to sell and buy back in post consolidation. This is even more so given you dont know how green this moose pasture they are selling KAL is.

Good recent example is the GDA consolidation. As is the case with 99.9% of conslidations it has been an absolute haircut for shareholders.

I expect KAL will trade about 4 cents (tops) after the raising, maybe lower. Lets say 4, its fair. That converts to 20 cents post consolidation. It should, based on past history with these things, trade not at 20 but more like 15.

The crazy thing about consolidations is you get plenty of warning and the market rarely responds downward straight away thus giving punters plenty of opportunity to get out but most dont and they then seem surprised when the day after the consolidation, the share price tanks.