AOP 3.13% 33.0¢ apollo consolidated limited

MbeardAOP will be a 3 to 5 bagger shortly..Thats because they...

  1. 2,843 Posts.
    Mbeard

    AOP will be a 3 to 5 bagger shortly..Thats because they are planing a capitl consolidation::

    from the ann 19 July 2010

    Apollo will also raise up to $1,000,000 by the issue of 200,000,000 fully paid ordinary shares at 0.5 cents per
    share to fund the payment of the option fee and working capital (subject to shareholder approval).
    Re-Compliance on Exercise
    The exercise of the option will be an event which will require the Company to re-comply with the requirements
    of chapters 1 and 2 of the ASX Listing Rules, including seeking shareholder approval to the acquisition, issuing a
    prospectus, consolidating its capital (on a ratio to be determined) and obtaining shareholder spread in
    accordance with those rules. After the completion of the re-compliance process the Company intends to issue
    options (Loyalty Options) on a one for two basis to all shareholders, the terms and conditions of which will be
    advised at the time
 
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Currently unlisted public company.

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