I hope not.
Every single share consolidation I have been through has just given the company a new increased and higher share price to allow them to continue issuing shares and drive it back into the ground.
The only way a consolidation is good is if the company is making positive revenue and they want to attract new investors at a more attractive price.
But then if a company is making revenue they can always just do share buybacks instead of dividends that makes the price go up.
Ann: $1.2m Share Placement, page-7
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $20.99M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $12.99K | 1.855M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 2326929 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 3940232 | 4 |
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| Last trade - 13.56pm 13/05/2024 (20 minute delay) ? |
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Change
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| Open | High | Low | Volume | ||
| 0.8¢ | 0.8¢ | 0.8¢ | 100000 | ||
| Last updated 12.44pm 13/05/2024 ? | |||||
| FHS (ASX) Chart |