Should not make any difference as the company value does not change. That said, for some reason in the market it is easier to go from 9 to 10 cents than 90 to $1. So you would not want the market to be in a trough at the time of consolidation as it might lock in that low price of 8.5 cents pre/85 cents post and find it harder to bounce post.
In this stocks favour is that it is supported by a real business and not a concept as the latter can often fall post consolidation.
Longer term it will make no difference to the company value. There will be less liquidity and possibly more insto interest as it moves away from penny dreadful status.
Three cheers for recent company presentations. They are most appreciated
EGN Price at posting:
99.0¢ Sentiment: Buy Disclosure: Held
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