Yes ben the SP will go up by 10 x but the market cap remains the same which means you now hold 10 x less shares. i.e if you hold 100,000 shares at 10c after consolidation you will hold 10,000 shares at $1.
Sounds dangerous to me and to release to market on a 100 point down day is interesting also..
consolidation on the cards, page-15
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 (20min delay)
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Last
10.5¢ |
Change
0.009(9.38%) |
Mkt cap ! $68.05M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 10.5¢ | 10.0¢ | $12.02K | 115.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 28818 | 10.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 99999 | 1 |
View Market Depth
| Last trade - 15.42pm 08/11/2024 (20 minute delay) ? |
| KGL (ASX) Chart |