An extract from one of my posts posted on the 22nd Day of April 2011 at the time AOP was 1.1 cent. AOP are planning a capital consolidation.GL from the ann 19 July 2010
Apollo will also raise up to $1,000,000 by the issue of 200,000,000 fully paid ordinary shares at 0.5 cents per share to fund the payment of the option fee and working capital (subject to shareholder approval). Re-Compliance on Exercise The exercise of the option will be an event which will require the Company to re-comply with the requirements of chapters 1 and 2 of the ASX Listing Rules, including seeking shareholder approval to the acquisition, issuing a prospectus, consolidating its capital (on a ratio to be determined) and obtaining shareholder spread in accordance with those rules. After the completion of the re-compliance process the Company intends to issue options (Loyalty Options) on a one for two basis to all shareholders, the terms and conditions of which will be advised at the time
Robstaaarrr
AOP Price at posting:
24.0¢ Sentiment: None Disclosure: Not Held