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.
I hope not.Every single share consolidation I have been through...
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Last
0.8¢ |
Change
0.000(0.00%) |
Mkt cap ! $23.99M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 10 | 4518357 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 2289777 | 2 |
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| Last trade - 16.12pm 10/05/2024 (20 minute delay) ? |
| FHS (ASX) Chart |
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