Originally posted by wlauy1
In this case it would be terrible for me personally. I truly believe in wfe and I hold a million shares buying nearly at the top price close to 2.4 cents.
And after all this announcement about production and joint venture I truly believe wfe shares can climb to 20 cents or more. But if indeed there is a consolidation say 8 to 1 which means my shares will become 125,000 (correct me if I am wrong cause I am very bad at maths) and if this goes to a dollar which many suspect it will like FMG then my shares is only worth 125k dollars as opposed to 1 mil dollars if I give it a few years and let the company expands.
Like I said in ny previous post about consolidation.... it's better to let the market evaluate what the price of the compnay is and I am happy even if it reach to 20cents max without consolidation. It's very unfair to people who bought in early believing in the company prospects and all of a sudden to shares they are holding dwindle by 8 times.
I know it's all assumption for now until further annoucnement. But I think it's really disappointing.
My math skills is really bad but with 1 mil shares.... I am worth 24k at 2.4 cents.
What would my shares worth if it consolidate at 8 to 1 and 20cents. I dont think I it's that much profit.
@wlauy1 your shares would be worth the value of the consolidation, lets say 8:1, they would be worth 8 times 2.4 cents, if they did a 10:1 consolidation the shares would be worth 24 cents on open but you would only have 100,000 of them, you will still have the same value in dollars, then if the announcements are as great as I think they will be it should grow from there, this all depends on how the ASX classifies WFE when they relist, personally I hope they can just start to trade again without consolidation, I hope this helps all questions should be answered in the next 3 months