metcash, page-2

Fellow holders...what do you think of the latest news about a 10 for 1. Personally, I've never seen one work. So the shares will be on todays closing price 45cents. I've seen so many companies do this at the lower end of town and watch it slide and slide. Will 45 become 25 and so on? The are sneaking in another capital raising which confuses me. The investment research available on their website tends to suggest they ample capital and it's not a capital intensive business. Would love to hear what holders think.