LOM 1.39% 7.1¢ lucapa diamond company limited

Ann: Consolidation/Split - LOM, page-256

  1. 4,974 Posts.
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    Why on earth did they do a 5 for 1 at 2-3 cents? Surely a 10 or 20 to 1 would have been better.

    Now we are sitting at around the second worst price for trading liquidity - 10c. It takes 5% to get an upward tick, but only 1% to get a down tick.

    The worst price is $0.002 - 50% pips.

    Even at where we were on Friday close - $0.022 - the pips are less than 5%.
 
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