to gbomber re:consolidation - must read

Hi mate,

Just saw your comments with regards to the consolidation.

I for one don't mind consolidations however with this crew if you own less than 1000 shares AFTER the consol your shareholding will be eliminated for NO value.

Therefore my calcs are as follows.

1000 shares times 1000 consol = 1,000,000 shares now.


Or if you had one million shares, then they were consolidated by 1:1000 you have 1000 shares and are yours to keep.

They are shedding the majority of their shareholders for this. The arbitrage companies will recieve the company not the minor players.

1,000,000 at 10 cents is $100,000. I for one did not and would not have that exposure to this punt.

From page 6 number 2 of the explanatory memorandum