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1.2¢ pluton resources limited

Ann: Pluton Retires Receivers, page-34

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h00ts

46,817 Posts.

8894

30/04/15

21:06

Post #: 15193641
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Originally posted by jantimot ↑

The only time a consolidation hurts shareholders is if the shares drop below 0.1c in the pre-consolidated value. That is, shares are 0.1c, 10 for one consol puts them back to 1c and they then fall even lower.

With AVQ after the consol they came back on at 16.5c (15 x 1.1c pre-cons) and are now 26.5c.

But I doubt PLV could pull that off.

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Janti we normally agree on most things but IMO share consolidations are almost always bad for the retail punters - CCC is a perfect example

PLV Price at posting: 3.4¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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