Great post Mondy. You laid the figures out just as they are.
to add to that, almost every struggling company i have owned shares in that did a consolidation, the share price always seemed to fall after the consolidation, and not hold that 10x the price as your example.
i think it's partly a subconscious thing, you get used to looking at 3.5c and a big mountain of shares, it just doesn't seem as good of a deal or as exciting making you want to buy more shares when it's now 10x the price that you have been used to seeing/ paying.. and your share holding has shrunk. It's one thing to pay a few cents for the next big thing that hasn't got off the ground, but paying 35c?? Subconsciously it doesn't seem as much of a good deal.. But i know it's exactly the same.
Maybe its just me.
MGT share price, page-9074
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Last
25.5¢ |
Change
0.005(2.00%) |
Mkt cap ! $26.06M |
Open | High | Low | Value | Volume |
25.0¢ | 26.0¢ | 25.0¢ | $10.16K | 40.30K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 94801 | 26.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
26.5¢ | 1656 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 94801 | 0.260 |
1 | 30000 | 0.255 |
5 | 16905 | 0.250 |
1 | 2273 | 0.245 |
4 | 55833 | 0.240 |
Price($) | Vol. | No. |
---|---|---|
0.265 | 1656 | 1 |
0.270 | 43603 | 2 |
0.275 | 10000 | 1 |
0.280 | 2562 | 1 |
0.290 | 4281 | 1 |
Last trade - 12.16pm 06/08/2024 (20 minute delay) ? |
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