You do know that CSL has done 3 share splits already over the years and still trading over $200.
I view it as totally positive for MWR.
- It will increase the liquidity so that the stock will be trading in 0.5c increments so 40-40.5c instead of having to do it in 1 cent levels, often with 10c spread at times
- It will attract a whole host of new investors that typically only trade shares sub $1 in value (even though $1k of a stock is still $1k no matter the price)
- Most share splits have a tendency to grind up once the split is done.
- Most $50-$100m market cap companies trade in price sub $1 so will align with them.
10:1 Share Split proposal, page-2
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Mkt cap ! $8.007M | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
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|---|---|---|
| 1.9¢ | 94000 | 2 |
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