It means they are reducing the nominal value of ALU shares from 2 euro to .5 euro per share. The current nominal value is way above the market share price and they need to reduce it to isue more paper. I sold all my positions at a 30% loss yesterday after reading the proxy statement. MBA knowledge really let me down on this one. I really thought with their LTE technology and if they could reduce the French social burden they would make it ...Ben couldn't do either!!!