Firstly, grief towards Brisbane residences they devasted flooding. Wish they recover quickly.
What impact will have to small investors after share consolidation.
This is what 'ccc' is saying when sp price reaches 10 cents.
Share consolidation: PL says: will ideally be consolidated to 500 - 600m shares. 5:1 best? Perhaps next year. Need to be very confident before doing this - only if there is a big development or raging bull market, etc. Would like to get stock to 10c first then take it to 50c on 5:1 and let it run to $1, on the back of big news. At 50c the stock will then become attractive to more institutional investors.
cheers
CCC Price at posting:
87.0¢ Sentiment: ST Buy Disclosure: Not Held