APG 0.00% 0.3¢ austpac resources nl

AGM decisions, page-18

  1. 2,330 Posts.
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    Hi False 9,



    I may be wrong but I believe that if a takeover was to be done or the shell of the company were to be sold I think the first thing that would be done  could very well be be a total reconstruction of  outstanding shares on issue . In the case of this company a reconstruction could be  one share for every  ten held or even higher. Unfortunately going down this track would be of no benefit to existing shareholders.


    Liquidating all asses and inviting suggestions from shareholders  re future options on what direction the company should take  would be something to think about The good times wont last forever and in times of uncertainty cash  is KING.


    You mention a figure of six million, well as we all know cash of this order should be able to attract many good opportunities.


 
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