Consolidation is not my favorite way to appreciate a Companies SP. Its a lot easier to grow a SP from 50 cents to one dollar, than it is from say $5.00 dollars to $10.00 dollars.My experience with consolidations is that it always ends worse off for share holders.
Seems like all smoke and mirrors to me. After a short time everyone forgets how the undiluted share was performing as the metrics are all different. Why not just accept the 6 or 7 Billion shares on issue? Its just a number. It was ok to create a zillion shares to raise capital from the gullible, now management are embarrassed about what they have created. Truely bizzare. Smacks of being dodgy and crooked as it comes to me.
$50 cents club, page-93
Add RED (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
41.8¢ |
Change
0.008(1.83%) |
Mkt cap ! $2.840B | |||
| Open | High | Low | Value | Volume |
| 42.5¢ | 43.0¢ | 40.5¢ | $12.00M | 28.82M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 7220 | 46.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 25.5¢ | 1704575 | 1 |
View Market Depth
| Last trade - 15.59pm 21/06/2024 (20 minute delay) ? |
| RED (ASX) Chart |