Sounds more like the desperate attempt of a penny dreadful trying to reduce the amount of shares on issue.
If the market is hesitant to part with $1.80 for OZL shares wait until they start putting an $18.00 price tag on them.
At $18.00 we can be assured the price will drop dramatically.
This proposal is sure to end in tears.
Every consolidation i have been involved in turns out badly. Add to that the memories of a board that nearly sent us down the path to oblivion and we start to see another board making a dangerous decision.
After all the hurt we have been through do we need to re visit those times.
OZL Price at posting:
$17.90 Sentiment: Hold Disclosure: Held