Do you know what leverage is?Nothing would have changed, besides...

Do you know what leverage is?

Nothing would have changed, besides the extra shares being issued for the capital raising. Whether the SP is at 5c or $1, this would have need to be done.

You need to remember that although your shares will be reduce by x20, so are the number of shares issued. Therefore you still have the same proportion of shares (pre capital raising of course).

Less shares means less liquidity to churn through when we go on a run.

I agree that $1 doesn't look appealing to traders but the smart ones will look at market cap and number of shares on issue. After all, as one poster pointed out, STB went from 20c to $6 in a matter of 18 months and that's without a consolidation!

PS: You really answered your own question. The value of your shares will not change so what are you whinging about?