Yeah I thought about the ratio too. So I emailed Eric. His response was pretty vague.... oh well...I guess we’ll just have to roll with the dice and see what happens.
Hi Jeni,
Thanks for your email regarding Weebit Nano. The consolidation ratio was based on advice from a number of experienced parties, and of course, the Board's input. For a company the size of WBT, the proposed number of shares on issue post share consolidation is quite reasonable.
We believe the reduction in issued shares will be a positive for WBT.
Regards,
Eric
Ann: Notice of General Meeting/Proxy Form, page-257
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$3.27 |
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Mkt cap ! $353.2M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1101 | $3.27 |
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| Price($) | Vol. | No. |
|---|---|---|
| $3.28 | 132 | 1 |
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