Exactly shares on issue mean nothing.
If I had sufficient funds to buy 1% of Imugene I would own 1% whether I get one share or 40 million shares.
According to the ASX 20 minute delay the current market cap is $411.5 million. If the market cap increases to 1 billion dollars I will still hold 1% of Imugene whether that 1% entitled me to one share or 40 million shares when I bought in. My pay out in a takeover would be 1% of 1 billion dollars or 100 billion dollars no more no less.
Shares on issue is a complete furphy the only downside is it costs a company more to maintain a large share register with thousands of shareholders than it does one with a hundred shareholders.
In a takeover the act of taking over the company removes all the shareholders so it means nothing as you said whether the company has many or just a handful of shareholders.
Add to this that the person some love to hate has consistently said that the Board has discussed the question and sees no reason to consider a consolidation recognising that it has its downside this will remain a non issue not even really worth discussion until the Board decides otherwise.
The sensible time to discuss this would be when the share price is flying and a transfer to the Nasdaq is on foot.
My opinion only DYOR
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Last
5.6¢ |
Change
0.001(1.82%) |
Mkt cap ! $411.5M |
Open | High | Low | Value | Volume |
5.5¢ | 5.7¢ | 5.3¢ | $731.7K | 13.32M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 580359 | 5.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
5.7¢ | 686331 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
5 | 580359 | 0.056 |
15 | 1342805 | 0.055 |
9 | 734375 | 0.054 |
9 | 3805521 | 0.053 |
18 | 1535537 | 0.052 |
Price($) | Vol. | No. |
---|---|---|
0.057 | 686331 | 5 |
0.058 | 1249150 | 9 |
0.059 | 191714 | 3 |
0.060 | 1632398 | 13 |
0.061 | 791000 | 5 |
Last trade - 16.10pm 18/07/2024 (20 minute delay) ? |
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