Noellyn -
contacting the company is something I do - and not only this one - but last time my call to MPO was not returned.
And I don't see the Company Secretary being too enamoured of sitting there for the next four weeks fieldings calls from harrassed shareholders.
I also re-iterate - this "instrument" - this whole Consolidation tactic generally - needs more scrutiny and review from ASIC - because too many people lose too much money, in many instances, in the process of these dratted events!
ASIC are SO pedantic about scrutinising every last drop of sweat the little guys are shedding in their small hard-working financial businesses -(and putting many of them out of business with their impossible to meet draconian, every changing compliance laws in the process)- yet why can't they look out for shareholders rights with regard to such important changes in company financial structure as share consolidations, as to whether or not these are in the said shareholders' best interests???
I repeat - such a huge manoeuvres should be more throughly "put" to stockholders - who should have more clout in the decision making. Not just have it forced upon them.
And let face it - by meeting day we can't do a da+n thing about it, mainly due to apathy or shareholders not understanding the ramifications, or not bothering to find out.. By D Day, it's usually a fait accompli!
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