Not only on consolidation did the options holders get knifed with the conversion to half cent and excersible at 40c
But the Excersible date remains 31 December 2014 and this has traded for about a week in the last year.
Disgraceful
Also, why would people buy into the CR at 20c when the current SP is 14c. I know there are 20c options attached, but seems ludicrous.
The notice of the general meeting to approve the CR and transaction was meant to be 'dispatched shortly'. This was from the ASX release on 28th June some 2 months ago.
Furthermore, the quarterly states that the technical and legal due diligence on the Sri Lankan project so why the hell hasnt this meeting been called, so we can get on with it.
Rubbish
MRF Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
