Post by
hrattle on Dec 16, 2014 1:52pm
Consolidation 6.5 to 1
I guess now we know why the shareprice has been so weak...not that it should make any difference but the market nearly always punishes a junior that does a reverse split.
Comment by
hrattle on Dec 16, 2014 4:16pm
There is nothing about further dilution in the proposed consolidation plan. No-one made an offer of 9.6 cents (which still looks too cheap for the whole company). Carlisle is currently trading at 80% of cash. Current shareholders should adjust their holdings to a whole number of board lots post-consolidation (a multiple of 3250?).