1MC morella corporation limited
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Ann: Effective Date of Share Consolidation, page-7

  1. Aquarius11
    926 Posts.
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    21/06/24
    11:31
    Post #: 74422886
    Agree with most of your post except "Being MILKED by mismanagement.".
    Sure more cash in the bank, they could continue to draw more wages / director fees, IF they do a SPP with the consolidation (but this is not normally done with a consolidation / split)
    I suspect lenders want greater volume in the market, and a lot of the market stay away from the penny stocks. I'm guessing it is the lenders who are saying the need to do a consolidation as a condition for funding (which they will need if they want to develop any of their tenements.
    IMHO
    I sold out one of my positions when there was noise of a consolidation, for the reasons you stated above. Hate consolidations!
    1MC Price at posting: 0.3¢ Sentiment: Sell Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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