"(a) Timing If the Consolidation is approved, the Consolidation will take effect from 11 December 2012."
___________
As for talk about clients pulling out, etc, by jatter, this trash talk been going on for a little while- sometimes people seem to join HC to cause companies trouble. If you'd like to substantiate your posts on INQ, jatter, please do so.
INQ is a good company with good products, but has had a few years of internal wranglings. Fact is, Otto Buttulo, Robert Bishop, Hugh Robertson, and even Spessot in his short reign, have presided over losses in INQ, leading to the current share price. Jason Entwistle could have had a good crack, imo, but too late now.
I wonder who was the genius who thought up the share consolidation. Hopefully, management won't do a cheap buy out of this company. Having a bit over 31m shares will make it vulnerable. Maybe Bell Financial wants it.
INQ Price at posting:
60.0¢ Sentiment: None Disclosure: Not Held