proposed share consolidation

[ultima99]

Hi, please advise... regarding the "proposed share consolidation" as per sens 2 May 2012 for Build Max, 19 to 1, the board at Johndan did the same to consolidate to R3,36 ps, they are currently trading at 9-10c ps one year later. we would not like to see this share do the same! Although our view is longer term, healthy growth is always great, so my question is, where should my vote re this issue go? (5 year horizon for growth) is it just the board trying to get free finance and now recalling the shares issued (R290mil last year to finance subsidiaries(?) - when are those investments supposed to pay off in any case...), or are there real prospects for new investors and growth to sustain the higher share price as per 2.1 and 2.2 in sens? regards unsure investor

[#2]

as i understand it, each bdm share after consolidation will be worth about 13*19= 247c each and not the other way around(13/19= less than 1c). So it will actually be good to the company to pass the consolidation as it will promote stability. I will vote for the consolidation

[Blik]

Man anything to drag BDM outa the mire

[ultima99]

you said it, move on up!