Referring to Notice of Special meeting booklet just mailed out.....On page 7 item #2 it says that net financial effect of the scheme will be to reduce Equity and net assets by 63 million. Then goes on to say 'based on June 2014 financials NAV will change from 0.8123 to 0.8279..? What am I missing here? Also
Ok I can buy a share "worth" .75 (regards cap return/cancellation) for .65/ .66/ .67 on market....now common sense tells me that if this is the reality then the SP would not be .65. Underlying concern is what is post share cancellation going to do to SP. Seems holders are assuming that the price at .65 is a fools errand ..or something else at play? What are other holders thinking about this?