Hi @dunover There is no rocket science here. Cleaning up the register is simply a housekeeping matter prior to corporate "Re-organisation". This has been flagged by the company that a divestment will occur at an appropriate time. This tells me that the company feels that they will be in a position that satisfies the requirement for each arm of the company, Advangen and Midkine, to "go their own way" ie divestment of the midkine portfolio into a vehicle commensurate with that businesses's trajectory.
The detail of this will be of great interest to the shareholders obviously. Lets hope the integrity of the board ensures the register is appropriately considered. My sense is that this will not be an issue and that the scaremongering on this board is misplaced.
With respect to those shareholders with relevant holdings the choice is, and always has been, their own. The idea that the company should somehow compensate them for the market reaction in light of the share consolidation is bizarre at best (respectfully). Each Shareholder always has the option to buy more, sell or hold. This is simply the beauty of choice that we have.
CDY Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held