Unfortunately, Goarmy, they divide your current holding by 350 and then that is how many new 1c shares you will possess - which in all likelihood won't buy you more than a modest meal at a modest restaurant. My 1.76M holding will be worth $50.29 (if they round up the half-cent!). After the $19.95 brokerage to sell that'll leave me $30.34 for my meal. WOW! 350:1 is the biggest consolidation I've ever heard of, though obviously many companies have folded leaving shareholders nil. With IXL years ago I didn't even get the cap gains loss as they never actually officially declared a wind-up. They just went into perpetual limbo. Live and learn, eh?
Ann: Notice of Annual General Meeting/Proxy Form, page-7
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Last
43.0¢ |
Change
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Mkt cap ! $81.34M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 1 | 49999 | 43.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 44.0¢ | 20000 | 1 |
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