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0.00% 0.1¢ continental coal limited

share consolidation will proceed , page-6

  1. burney
    157 Posts.
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    16/08/11
    12:06
    Post #: 8827754
    Not knowing how a consolidation works, doesn't the value remain the same and only the number of shares on offer reduced.

    So 100 000 shares @ current shareprice 2.9cps = $2900. Post consoldiation 10 000 shares @ post consoldation shareprice 29cps = $2900.

    My asumption is the market cap of the company remains the same so 10 000 shares has the same value as 100 000 post consoldiation.
    CCC Price at posting: 28.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 11  Upvote
    lightbulb Created with Sketch.  Great analysis
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