Per IGS (Ann) 01/05/2015 in Annexure as follows; (7) The capital...

Per IGS (Ann) 01/05/2015 in Annexure as follows;

(7) The capital structure post compliance with Chapter 1 and 2 is still to be determined based on the disposal process in Note 6 above and relevant consolidation if required.

So some 2.7 billion shares will be on issue ! It is a NO Brainer that a consolidation will occur but at what ???
To mean anything i would say somewhere at 100:1 would be required.

All IGS shareholders who purchased shares at greater than 2 cents per share will never see a return on there investment - EVER !!

Of course this will get shareholder approval as CFE (Tony Sage) controlled IGS owns 160 million IGS shares, so any other SH who invested in this company will be done over !!