Neebie question

30NE

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Hey I am new to trading and I am not sure what this means I have tried to research but I still don't understand.

Can anyone shed some light on this for me what exactly it means and what it means for the stock?

"on September 13, 2010 for the purpose of placing before shareholders resolutions which would authorize a consolidation of the Company's share capital. The current proposal would be a rollback of the Company's share capital on a 10 for 1 basis."
 
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