It would appear that 15286731 shares were sold at 17c this morning. Given the 29:1 consolidation, this represents a loss of R32 255 002.41. OR a profit to the buyer on an outlay of R2 598 744.27. (Unless this transaction is a holdover from yesterday's trade.)
When a consolidation takes place, does all the previous bids and offers not fall away. It looked like the offers where there for a while and got taken out post consolidation. Seemed different when AET went post consolidation.
Theoretically the new consolidated share is a different instrument. So one might think that they should fall away. However the name of the share is the same - so this s an argument of type of error - error in substantia vs corpore etc. BUT - a buyer can expect that the offeror ought to know so caveat emptor. Your agent (broker) could maintain that it was your responsibility, as the seller, to pull your offer. Nice problem.
it's not at 13c, check again. I think Sharenet is not showing FRI's action. The trade (12m +) was reversed ... banks should get their act together. BUT, looking at the trades that did go thru, it doesn't match up to the volume for the day (lots of 500K trades). Anyways, I missed that 10% I was targetting with the consolidation (before price stabilizes) ... there will be more.