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08/12/18
20:18
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Originally posted by BigDaniel
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Hi Froggy.
Hano is correct.
The number of shares you have is compressed whilst the sp is amended to reflect, the market cap remains the same.
Eg. 10 shares at $1 value consolidated at 1 for 10. New share value is $10.
Post consolidation process is complete..The sp & market cap will be effected as per normal trading events eg..Announcements, global conditions & general holder sentiment.
If your previous stock took a dive post consolidation I'm sorry to hear that however I'm sure there were extenuating circumstances surrounding that stocks performance.
A consolidation would be a positive for mine.
Dan.
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I don't get what differrence it makes?
Besides not loooking like there are so many shares out there. In chp case i thought it was to stay afloat. Who got my 90%?