Sammy, the share base went through a 1/20 consolidation which means every 20 shares became just one share. So back about a year ago as you say 20 shares were worth 2.3c each (20 x 2.3c = 46c). But now you would only have 1 share x 38c, a reduction of 17.3%.
Ann: Preliminary Final Report, page-131
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