GDA 0.00% 29.5¢ good drinks australia ltd

wrong strauss - the previous consolidation was only 1 for 10a...

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  1. 21,227 Posts.
    wrong strauss - the previous consolidation was only 1 for 10

    a few years ago they did a 1 for 10 reconstruction, but at the same time, they had a 1 for 8 bonus issue - and tossed in a 3 free options, for every 5 shares held

    see report from july 9 2008.

    the gda cheer squad at the time, were declaring that money was growing on trees.

    after the consolidation, the shares may have traded at about 30c (or maybe 25c) - but within 6 months, they were trading at about 1c - and eventually, the shares went down to one tenth of 1 cent - and there was a 100 for one consolidation
 
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