Wazz101, perhaps you miss my point. For instance buying $10k worth of shares at .oo7 and having them reduced to $1k worth of shares at .007 and then place 287,000,000 shares at .007 and then offer 71,500,000 shares in an issue at .007 ( plus whatever other shares they're issuing to themselves at .007 more or less) reduces my holding by 90%. The market did not do this, the directors did this. The value of the company is not affected but the value of my holding IS affected AND by negative 90%. The directors have, in effect , washed out all shareholders percentage holdings who held pre-reduction by 90% while increasing theirs have they not? I wouldn't be surprised to see a please explain from the ASX.
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