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5,466 Posts.
37
29/04/16
01:12
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Consolidation is a simple formula for IDC.
Without it you don't have a company to hold shares in.
With it you have 1:400th of what you currently hold in shares in the company and some chance to get some value back in the future.
With 3 odd million shares on issue post consolidation the new management can find a nice lithium project, raise cash and make shareholders rich.
What a dream. Don't wake me up before I spend my riches.
My previous post indicated a "not held" position because as far as I was concerned the company was dead.
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