For example if it happened now at 10:1 consolidation:
SP @ .003 1.2m shares = $3,600
After consolidation:
SP @ .03 (3 cents) 120k shares = $3,600
So after consolidation your shares are worth same $ value.
IMO: The timing is critical for a consolidation, preference would be after a regular revenue stream and there is greater confidence in Classic.
Greater Market Cap = Higher Share Price, page-118
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Last
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Mkt cap ! $1.366M | |||
| Open | High | Low | Value | Volume |
| 0.3¢ | 0.3¢ | 0.3¢ | $8.247K | 2.748M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 50 | 51846818 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 13764469 | 11 |
View Market Depth
| Last trade - 13.38pm 17/06/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 0.3¢ | 0.4¢ | 0.3¢ | 601050 | ||
| Last updated 13.55pm 17/06/2024 ? | |||||
| CLZ (ASX) Chart |
