Bowral I'm not sure the company will need to consolidate it's...

Bowral

I'm not sure the company will need to consolidate it's shares to satisfy the relisting rules. In the event the share price is above 2c they can apply to the ASX for a waiver of the consolidation requirement.

Obviously, "for looks" the company may prefer to consolidate its shares back to 20c. When I say for looks, even though the company currently has a low number of shares on issue, once the company has undertaken the raising to finalise the acquisition the number of shares would end up being billions they still may elect to consolidate the share issued capital.

If possible I would prefer the company consolidate its shares at a later stage.

D: Hold Plenty

Cheers

Clever1