LoL someone did not like that info out there:
No advice here, just straight facts:
Lets add MGT to the long list of consolidations that led to yearly lows again, yet to see an example of a consolidation not leading to lower prices directly after, if anyone has an example please let me know.
We were trading 1.7 cents pre condolidation, meaning after a 50 to 1 , we should be trading 85c (50 * 1.7)
Instead we are trading 62.5c, this is a 26% drop, just due to consolidation, equal to 1.2 cents in preconsolidation prices.
Great decision making from this management, an unnecessary consolidation thats wiped off over 26% of shareholder value.
Ann: Consolidation/Split - MGT, page-238
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Last
18.5¢ |
Change
-0.005(2.63%) |
Mkt cap ! $18.93M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 18.5¢ | $25.32K | 127.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 54545 | 18.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 81434 | 2 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| MGT (ASX) Chart |