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The number of shares on issue does not have to be reduced for...

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Siglo1

1,707 Posts.

767

08/10/21

15:22

Post #: 56664972
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Originally posted by studor: ↑

I like the sound of a 35B MC but if it was dealt on the current SP and Shares on Issues, it would mean a 35B MC would equal to a $12 share price.

Assuming no further shares issued (currently 2.8billion issued shares and market cap of 167m).

Anyone seen VULcan jump to $12? The only way they could do this was the thin ASK ladder which allowed the market makers to jump the price up quickly. That together with a low float.

So in theory, $12 for CRO is possible but given the current shares on issue, this would need to be drastically reduced.
A reverse stock split of 10:1 would reduce to 280m of shares and this would be realistic. But then your SP would need to start at around the 60c range.

A reverse stock split might not be a bad idea if you want to jump to $12.

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The number of shares on issue does not have to be reduced for the company to one day reach a $35b market cap. The number of shares on issue do not limit what market cap a company can achieve.

CRO Price at posting: 5.7¢ Sentiment: Buy Disclosure: Held
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Last 0.7¢		Change 0.000(0.00%)		Mkt cap ! $30.27M

Open	High	Low	Value	Volume
0.7¢	0.7¢	0.6¢	$3.195K	473.6K

Buyers (Bids)

No.	Vol.	Price($)
23	14820788	0.6¢

Sellers (Offers)

Price($)	Vol.	No.
0.7¢	10565300	14

View Market Depth

No.	Vol.	Price($)
23	14820788	0.006
15	9860165	0.005
4	13400000	0.004
2	2266666	0.003
1	500000	0.001

Price($)	Vol.	No.
0.007	10565300	14
0.008	6314202	28
0.009	3929184	10
0.010	4127717	13
0.011	3768514	3

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