Spot on
@KrumThey are focusing more on o/seas investors. than long suffering locals.
"
this is a very large number of securities to have on issue and it subjects the Company to a number of disadvantages including:
• additional share price volatility arising from the fact that the minimum permissible share price movement permitted by the ASX (being 0.1 cent) represents a higher proportion of the Company’s share price than it would if the Company had a greater share price;"
OR in real terms, trading currently in 1 pip movements,
is around 25% of portfolio value, whereas 1 pip, post consolidation,
is only .25%
What generally happens with companies that do a consol. the S.P.
progressively dips a pip or two, 'till in virtually no time,
it sheds the majority of its value.
