AMD 0.00% 0.2¢ arrow minerals ltd

Share conversion, page-2

  1. 2 Posts.
    Just to put all your minds at ease. I emailed Segue and this was their response.
    Seems like shares are on the increase. Looking at what's going on, we can expect a rise in share prices in the coming near future.

    Email response:
    Segue has consolidated its share capital on a 35 for 1 basis. That means that if you had 1,000,000 shares previously, you will now have 28,571 shares. However, the share price should adjust to reflect the change in capital structure - this has happened, with the bid/offer being 5.3c/7.0c (which is 0.015/0.02 in the old money).
    However, most brokers value the stock at the last trade and as no shares were traded today, your holding probably has a value of nil. When the stock trades, your share value will adjust.
    On the 28th the shares will trade as SEG not SEGDC.
    The company is not closing down and is currently at the Gascoyne Lithium Project completing exploration work.
 
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