It's called creative accounting.
Fortunately I wasn't in this big time, only 40000 shares (I use the term loosely) worth 0.001c/share a couple of days ago! Whoopee-do (my original cost basis was 2.1cents I think). It was only a very small holding of my portfolio, but WTF ...............
I now have 1169 shares worth 0.00c/share. I'm So Happy!
Its making fresh air out of fresh air - how can this lot not be bankrupt (and put us out of our misery)!
Ann: Appendix 3B - Capital Reorganisation, page-6
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