"The sp won't go up any time soon as the traders will just knock it out of the park every time it looks like gaining some ground"
Which type of traders are you talking about?
Those that buy first properly before selling? I'm not worry about them. If they sell what they own then that means they've got to have bought the shares first. People selling shares they own, well, they're entitled to it. If they bought at .002 and sold at .003 making .001 well, then they're gone at .003 no? If we hit pay dirt they WON'T be able to buy back in at .002. If they want to trade again they'll have to buy in higher.
If you're talking about bastards who sold shares they don't own a.k.a sell first buy back later a.k.a short selling then seriously doing a consolidation is NOT going to stop them. If anything it will actually encourage them, as when management can't find better things to do than fiddling with the sp via consolidation which involves admin costs, it tells them that management found NOTHING BETTER TO DO & there's no good news around the corner. You think that's going to stop them?
It is the prospect of imminent good news or the anticipation of good news that will stop bastards short selling.
The only thing a consolidation would do at this stage is waste shareholders money on admin costs and signals to bastards to engage in short selling.
I have NO IDEA why you kept yapping on about consolidation.
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.242M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $622 | 155.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 92029 | 0.4¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.5¢ | 2345385 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 92029 | 0.004 |
11 | 6137112 | 0.003 |
2 | 2199980 | 0.002 |
3 | 4799950 | 0.001 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.005 | 2345385 | 5 |
0.006 | 2412490 | 3 |
0.007 | 1100000 | 1 |
0.008 | 450000 | 2 |
0.009 | 55000 | 1 |
Last trade - 13.43pm 16/08/2024 (20 minute delay) ? |
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