indo projects, page-3

Any good news will be negated by the 20:1 consolidation and lack of info around cap raising levels. This is an oversight by the management and though I have little doubt this will be a solid company the last announcement has killed any sp growth in the short term. There rationale may be sound but it has not served current shareholders well as evidenced by market reaction. The big winners will be those with access to the raising. Early entry at ground floor with a consolidated register. Not happy.