The answer is quite simple. So they can screw shareholders for more money. Whilst there is a massive number of shares listed people recognise there has been many dilutions previously. That's why consolidations often coincide with a name change (hides their past record)
why consolidate, page-2
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19.0¢ |
Change
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Mkt cap ! $54.44M | |||
| Open | High | Low | Value | Volume |
| 18.5¢ | 19.0¢ | 18.5¢ | $13.07K | 70.51K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1009 | 19.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 19.5¢ | 6000 | 1 |
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| FML (ASX) Chart |