If the consolidation is 10:1 and it is trading at 0.002, the shares will become 2c right...
Soooo if it opened at 0.008 and you paid 0.002 you'd be loosing more like 60%, even if it consolidated at 0.001>0.01 since you would have already lost 50% from the 0.002 to 0.001 drop previously.
But - I have a strong feeling they will want this at at least 0.003 post consolidation, after all, it won't take much more than $100K to do that as of yesterdays market depth at close.
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TNC
true north copper limited
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44.0¢

0.001's cleaned out, page-10
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Last
44.0¢ |
Change
0.085(23.9%) |
Mkt cap ! $56.04M |
Open | High | Low | Value | Volume |
35.0¢ | 44.0¢ | 35.0¢ | $355.2K | 894.7K |
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PAR
PARADIGM BIOPHARMACEUTICALS LIMITED..
Paul Rennie, MD & Founder
Paul Rennie
MD & Founder
SPONSORED BY The Market Online