I very much doubt they would consider a consolidation, and certainly not for the reasons your suggest.
Bigger funds look at the Market Cap and not the SP.
A share consolidation does not change the MC.
Profit will change it.
...and on a macro environment as soon as the interest rates start to lower the spec market will pick up.
Not that ECS Botanics will be a spec stock for much longer given it will post a profit this FY.
GLTAH
Soap Box, page-66
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Last
1.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.19M | |||
| Open | High | Low | Value | Volume |
| 1.8¢ | 1.8¢ | 1.8¢ | $4.368K | 242.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1721693 | 1.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.8¢ | 313182 | 3 |
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| Last trade - 15.31pm 18/11/2024 (20 minute delay) ? |
| ECS (ASX) Chart |