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DEC 2010 Q1 (ii)

This topic has 1 reply, 2 voices, and was last updated 8 years ago by John Moffat.

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May 31, 2016 at 1:14 pm #318408
sky1407
Member
- Topics: 10
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Hi sir,
What does it mean with existing ordinary shares will be cancelled?And why is reserves no more in the financial statements?Thanks.
May 31, 2016 at 3:08 pm #318434
John Moffat
Keymaster
- Topics: 57
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It means that the existing shares (and the retained earnings that belonged to the shareholders) no longer exist.
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