the consolidation of shares to me is always a very strong sell signal ...as the consolidated price invariably falls ..I would be looking to buy back in at say around .30 cents the question the ASX should be asking is did the directors know at the time of the rights issue that the shares would be consolidated . I am out ,never to think of the company again.
Ann: Entitlements Offer - Dispatch of Offer Document/Forms, page-4
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