The 1-for-34 consolidation might seem like an odd choice, but it was likely selected to adjust the share price into a more favorable range without overdoing it.A 1-for-50 split could have pushed the price higher than necessary, potentially reducing liquidity.This specific ratio also aligns with the company's plans to issue up to 1.2 billion new shares pre-consolidation, aiming to minimise dilution, because nothing says 'we care about shareholders' like flooding the market and hoping no one notices.
As for the number 34, maybe it's someone's lucky number, or perhaps they just wanted to keep us all guessing.
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
27.0¢ |
Change
-0.010(3.57%) |
Mkt cap ! $80.05M | |||
| Open | High | Low | Value | Volume |
| 28.0¢ | 28.5¢ | 26.5¢ | $286.7K | 1.040M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 61603 | 27.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 27.5¢ | 241807 | 16 |
View Market Depth
| Last trade - 11.30am 07/08/2025 (20 minute delay) ? |
| IMU (ASX) Chart |