They are consolidating at 1 share for every 20 currently owned.
The capital raising will be done at 20 cents per share post consolidation.
Details of the capital structure can be found in announcement
ITT EXERCISES OPTION TO ACQUIRE 1-PAGE COMPANY INC
25/05/2014
Current share price post consolidation is sitting at 30 cents, this probably a bargain given what this company's potential is.. The register will be tight and shares will be hard to come by once consolidated.
ITT Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
