"If resolution 3 is approved, the share consolidation will reduce the number of shares on issue from 2,885,242,323 to approx. 72,131,000 shares ......"
Check your Proxy Form and the "notice of annual general meeting" doco.
Any thoughts?
---------------------
1M shares will soon become approx 25,000 (if my calcs are right).
Is this a ploy to reduce, and then add more shares to the register down the track to further line their pockets to pay for operational expenses?
72M shares sure sounds better than almost 2.885B.
Does this mean our SP will sit around 28c (based on yesterdays close of 0.007)?
I'd love to know the timings around this and what benefit this will actually provide shareholders? The ones benefitting from this as I see it will be management and RCF.
MZI Price at posting:
0.7¢ Sentiment: Hold Disclosure: Held
