IBN 0.00% 2.0¢ ibuynew group limited

Ann: Consolidation/Split - IBN, page-7

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  1. 10,543 Posts.
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    Hi currently shares are not suspended.They have an annual general meeting on 9/11 and vote on various items including a consolidation of 50 to 1 share.if the vote goes ahead for every 50 shares you will consolidate to 1 share.At the same time share pricing should reflect 50 times price.So if .002 = 10c or .003 15c or .005 25c.Because there will less shares on issue less large swings in percentages. This will take place on 19/11. Cheers
 
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