they just pushed most of the options into no man's land... my 1c strike price just became 10c strike price if i'm reading correctly.
so a shareholder has called for this consolidation, however i imagine there will be a very agressive rush to exit so our new t20 shareholder is about to get very burnt fingers.....
as an example of my thinking, this is being engineered to enable LIND to exit without taking the 50% loss on the conversion... if you hold 1,000,0000 shares @.002c
preconsolidation sell @.001c = 50% loss
post consolidsell @1.9c = 5%loss
However lets say your average buy price over the years was 1,000,000 @1c and the share price drops back to 1.5c after consilidation
Current loss = 80% loss (your 10k is now worth 2K)
Post consilidation your 2k now owns 100,000 shares
post consilidation loss back to 1.5c (your orignal 10K investment is now 1.5k)
You need an 7 bagger just to get out of your hole!
- Forums
- ASX - By Stock
- C7A
- Ann: General Meeting for Share Consolidation
Ann: General Meeting for Share Consolidation, page-11
-
- There are more pages in this discussion • 79 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
Add C7A (ASX) to my watchlist
(20min delay)
|
|||||
Last
1.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.501M |
Open | High | Low | Value | Volume |
1.0¢ | 1.0¢ | 1.0¢ | $495 | 49.49K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
9 | 2888919 | 0.8¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.0¢ | 437721 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
9 | 2888919 | 0.008 |
4 | 992855 | 0.007 |
3 | 499161 | 0.006 |
4 | 2250000 | 0.005 |
1 | 500000 | 0.004 |
Price($) | Vol. | No. |
---|---|---|
0.010 | 437721 | 2 |
0.011 | 789570 | 5 |
0.012 | 1081280 | 4 |
0.013 | 944662 | 2 |
0.018 | 185000 | 1 |
Last trade - 12.09pm 04/10/2024 (20 minute delay) ? |
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries
C7A (ASX) Chart |