PIL 0.00% 0.6¢ peppermint innovation limited

The announcement stated: "Chrysalis is to obtain shareholder and...

  1. 19 Posts.
    The announcement stated:

    "Chrysalis is to obtain shareholder and other approvals to consolidate its share capital on a ratio of no less than five for one basis (every 5 shares to be consolidated into 1 share) prior to the Acquisition of all the remaining shares of Peppermint."

    Does that mean that the market cap will be 45 million when the deal goes through given this ratio?

    Thanks in advance
 
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