Hi Consolidation of capital was the only way forward and to entice the 2 new major shareholders Harmony and GPE controlled by Kerry Stokes . They now have their 2 directors on the board who have also been increasing their shareholdings . As I see it the company is now at its lows and the only way is up from here . The directors have been increasing their holdings via the Options they are Exersizable at $1-84 in 2009 and the present cost is 55 cents . What does that tell you . They must expect the shareprice to reach at least $ 2-40 by then I hold the Convertable notes mostly Towie DYOR
NLX Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held