There was obviously also a reduction in the total number of shares issued by 1/5th. Total now at 252M with a few non-listed options about.
The last traded price was 8c so the relist price post consolidation was 40c.
There was no IPO, rather a placement during the reverse takeover, where a major player took a position. That price was 20c equivalent. Its a master stroke by the team to get Foxconn on board - refer to my previous posts.
This stock is very tightly held and in firm hands. The potential for MigMe to be ten times todays price with a few years is very real.
All in my opinion and please do your own research.
MIG Price at posting:
41.0¢ Sentiment: Buy Disclosure: Held