LoL someone did not like that info out there:
No advice here, just straight facts:
Lets add MGT to the long list of consolidations that led to yearly lows again, yet to see an example of a consolidation not leading to lower prices directly after, if anyone has an example please let me know.
We were trading 1.7 cents pre condolidation, meaning after a 50 to 1 , we should be trading 85c (50 * 1.7)
Instead we are trading 62.5c, this is a 26% drop, just due to consolidation, equal to 1.2 cents in preconsolidation prices.
Great decision making from this management, an unnecessary consolidation thats wiped off over 26% of shareholder value.
Ann: Consolidation/Split - MGT, page-238
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Last
30.0¢ |
Change
0.010(3.45%) |
Mkt cap ! $29.53M | |||
| Open | High | Low | Value | Volume |
| 29.0¢ | 30.5¢ | 29.0¢ | $33.48K | 113.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8000 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 5292 | 2 |
View Market Depth
| Last trade - 15.35pm 19/07/2024 (20 minute delay) ? |
| MGT (ASX) Chart |