Because it isnt a big deal. The company could do a stock consolidation any time. It might help people be able to trade better at fractions of a cent, but otherwise not a big issue.
25b shares @ .004 is $100m market cap.
2.5b shares @.04 is $100m market cap.
250m shares @ 0.40 is $100m market cap.
Good summary here of the current situation, page-15
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Last
0.2¢ |
Change
-0.001(20.0%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.2¢ | $20K | 10.00M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 182 | 174177231 | 0.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.3¢ | 599471151 | 243 |
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| Last trade - 10.00am 18/10/2024 (20 minute delay) ? |
| 88E (ASX) Chart |