ipo valuation around $11.5m, page-15

D&C

You are missing the point

Why release an announcement stating you are going to IPO the asset without going to the 5-10 minutes of extra effort to accompany a 1 page summary for people

Punters shouldn't have to trawl back through reports and number crunch to realize you did a 4:1, issued options etc, only then a short while later are planning to reconsolidate on a 1:4

It also sends the message to the market this might have been a last minute decision, as why would you go to the effort of increasing the capital base by 4, only then to consolidate it just a few months after. If the IPO was always in the pipeline than why increase it 4:1 ? You would have just issued AceA stock and options and left it

Even a simple 1 line of "20c float (post 1:4 consolidation) would have avoided headache

Its the small things like that, along with RAF obtaining stock + options which I'm sure the market would have appreciated knowing gets tiring

Apologies if it became confusing