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consolidation 30:1 (CEN)     

hangon - 23 Aug 2007 13:03

A consolidation means punters like me have to be wary, lest they try to sell what they don't own!
The company has raised abt 6m and consolidated its shares making them about* 1 at market pricing prior to this.....(-that's 1 share for every 30 held ))
...the huge % rise is nothing more than poor software being incapable of flagging-up a change in share density, with the Mkt Cap being adjusted for the new shares at the new price...etc...

*a couple of days ago they were (mid=3.25pence), therefore a straight-line 30x would make this = 97.0 pence

Jobibear - 04 Dec 2007 08:16 - 7 of 7

Yeap, looks like this bird is going down.
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