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$1.40 eor group limited

OK,thanks Clever Thats new to me,so thats great,i had been led...

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bowral

7,453 Posts.

25/03/15

20:04

Post #: 14980568
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Originally posted by CLEVER1 ↑

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

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OK,thanks Clever
Thats new to me,so thats great,i had been led to believe the consol was a given,although getting info out of this company is like getting blood out of a stone,everythings so top secret.
Thankyou for the info,keep it coming as its hard to find
hold not many

EOR Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

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