I can't get to the meeting. However, I estimate that post...

I can't get to the meeting. However, I estimate that post consolidation the shares will be more like $3 and the options will be about $1.25. The Convertibles should trade at a higher price to the ordinary share.

The register will be tightly held. The market cap is very low.

The good news should be that the company is back on course to profitability. The chairman has previously indicated that the company has plenty of growth prospects particularly in its water product division. He has also stated that all the skeletons are out of the closet. Stokes and harmony would want to have confirmed this before they stumped up any new money.
The ANZ and westpac have expressed their confidence in the future of the company by providing long term debt facilities on new favourable terms.

Peter George has done a fantastic job in the last 6 months and is highly regarded by Stokes.

We have seen the bottom.