Usually a company consolidates shares to reduce the number of shares (7 billion ha ha) in circulation and thus increase each individual share value.
Mr Billing consolidations however, usually end with fewer shares and lower share value. ha ha..great accounting for him and his board, bad for anyone invested.
It is a cheap, grubby, easy illusion.
what should be of more interest to investors is the use (again) of deferred shares...
-they usually have less 'rights' (voting etc) than ordinary shares.
-they save cash on the balance sheet (so he can keep the 3b, 5b scam going).
-they can pay a 'no risk' cash bonus to holders later on.
essentially they (directors) are giving themselves a no risk bonus at the expense of all private investors.
Billing's CV should read "35 years thieving and robbing and cheating an existence."
beware the illusion of the smiling accountant, it will cost you dear....MT
THR Price at posting:
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