Yeah, but that's fairly intrinsically linked.
If a company is worth $100m market cap, you divide that by the number of shares on issue and it gives you a share price. It doesn't matter if that's a million or a billion.
I think you're saying that at 0.004, its a 25% jump to the next increment, which yeah, I agree, isnt ideal. If it was .04, then it'd be simpler to do .041. So really it would be easier to incrementally trade after a consolidation. If it was me, I'd push 1-for-50 or 1-for-100.
Good summary here of the current situation, page-17
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Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $57.86M | |||
| Open | High | Low | Value | Volume |
| 0.2¢ | 0.2¢ | 0.1¢ | $27.03K | 13.91M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 359 | 956509315 | 0.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.2¢ | 8325743 | 6 |
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| Last trade - 14.55pm 08/11/2024 (20 minute delay) ? |
| 88E (ASX) Chart |