Hey Timber7 stupid or not that is what i was told so don't shoot...

Hey Timber7 stupid or not that is what i was told so don't shoot the messenger...

Here's the text.

"The rationale for shareconsolidation was probably best put in the AGM Notice of Meeting, which stated;

 

The Directors propose theConsolidation for the following reasons:

 

•            the Company currently has 1,667,314,190 Shares on issue. This represents arelatively large number when compared to its peer group on ASX; and

 

•            the Consolidation will result in a more appropriate and effective capitalstructure for the Company and a more appealing Share price to a wider range ofinvestors, particularly institutionally and globally.

 

Institutionalinvestors in particular have suggested that this step be taken, as a higherunit share price provides better “optics” in their investment proposals anddecision making process than a “single digit” price. The CSS share price hasbeen in the 1 cent to 10 cent range for most of the last decade, since theonset of the “taurine crisis” which was solved in 2012, however with the needover the last 6 years to raise additional equity to fund recovery and thengrowth, the unit share price has remained in that range albeit well above thelowest levels."