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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.

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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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(20min delay)
Last 0.8¢		Change 0.001(14.3%)		Mkt cap ! $34.59M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$1.143K	161.5K

Buyers (Bids)

No.	Vol.	Price($)
46	21634310	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	2310885	11

View Market Depth

No.	Vol.	Price($)
46	21634310	0.007
19	13771110	0.006
7	4910196	0.005
1	400000	0.004
2	3600000	0.003

Price($)	Vol.	No.
0.008	2070099	10
0.009	6125674	16
0.010	3885458	13
0.011	8048514	5
0.012	3308051	6

Last trade - 16.10pm 22/05/2024 (20 minute delay)


Last 0.8¢			Change 0.001 ( 0.00 %)
Open	High		Low	Volume
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