I think the way it would go in your scenario, Alex, is that at an EGM called to approve the creation and issue of a sufficient number of new shares to wipe out existing shareholders completely, these existing shareholders all stick their hands up and vote yes.
As a bird, I didn't realise we were that close to Christmas.
Mind you, Chanticleer's a bird so he should know.
SGH Price at posting:
27.0¢ Sentiment: Buy Disclosure: Held