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Consolidation done last year (I never knew about it without...

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  1. 2,167 Posts.
    Consolidation done last year (I never knew about it without having to delve in to it to find out - nice of them to keep us updated!) and another proposed one in this prospectus.

    First one - 500:1
    Second one - 5:1

    So whatever your holdings were when this went into administration, divide that by 2,500 and that is what you will be left with, and then multiply by their proposed issue price of $0.20. Guessing a >95% loss for most here.

    In short - Whatever your holdings were worth when this last traded, divide that dollar figure by 12.5 for a rough figure of your holdings in $ after this is all done.

    All I can say is that I will steer well clear of everyone associated with this company in the events leading up to its downfall. Lesson learned!
 
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