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Ann: Consolidation/Split - MDI, page-20

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pacman73

328 Posts.

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31/10/20

09:01

Post #: 48547877
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Originally posted by Ilikegreen: ↑

I know there's a lot of shares on issue at MDI , I've had a penny stock break through the $0.10 ceiling. Then big money is made by the 5 pips movements. Eg. 100,000 shares × .005 = $500 .,.100,00 ÷ 23/1 = 4348, so now you have 4348 shares x .005 = $21.74 . so to MDI your new stock above the ten cent barrier into the 5 movements you need the share price rise of 0.115c to equal the $500 .

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I don't follow.... I think you're forgetting to also consolidate the share price.

IMO, When shares consolidate 23:1 the share price will multiply by 23 which means post consolidation you will have 4348 shares and your original buy price at .005 x 23 will give your consolidated share price of $0.115 total =$500.00.

GLAH

MDI Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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(20min delay)
Last 1.6¢		Change 0.000(0.00%)		Mkt cap ! $4.369M

Open	High	Low	Value	Volume
1.6¢	1.7¢	1.6¢	$1.894K	115.8K

Buyers (Bids)

No.	Vol.	Price($)
1	24130	1.6¢

Sellers (Offers)

Price($)	Vol.	No.
1.7¢	69189	2

View Market Depth

No.	Vol.	Price($)
1	24130	0.016
4	2441000	0.015
4	253000	0.014
1	500000	0.013
3	1633415	0.012

Price($)	Vol.	No.
0.017	69189	2
0.018	288948	2
0.019	184024	1
0.020	481082	3
0.021	208200	2

Last trade - 12.03pm 18/11/2024 (20 minute delay)

MDI (ASX) Chart

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