The biggest issue with these types of consolidations is the % advantage is lost.
i.e A stock price increase from 10c > 20c = 100% profit (a bag).
10c > 70c = 7 bags. 700% profit.
So when we get transferred to Nasdaq, at say $8.00ea for example purposes, we will own “100x less units” (and therefore multiples), and also lose the % movement advantage.
We would need to see the price increase from $8 to $16 to double our money, or make a bag.
yes, the “value” is the same, but you lose the whole benefit of “buying in early” into a company (at a low share price, to enjoy the mutiltipliers as the price increases)
unsure how I feel about this.
IHL Price at posting:
11.3¢ Sentiment: Buy Disclosure: Held