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10/12/19
18:55
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Originally posted by Michaeljob:
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I don’t see any issue with a 10:1 consolidation. Value of your stake in the company is unchanged. interesting timing to do it though so gotta wonder why now? Probably just trying to shake off that penny stock scent now we are in the bigger leagues. The US listing angle has sone merit though. The company is US based, many of the large investors buying are US based, most of the customers are US based....
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Yes but they can redilute again later by splitting shares at 10:1 vs. this 1:10 In saying however it is unlikely given their position, they don't exactly need the money. It mayyyyy also be a majority holder thing, by diluting they will be better positioned to name major holders. What are the pros and cons???? Any body have experience in this sort of thing?