`100%
IMO this shows somewhat of a lack of understanding towards share structure, or supply and demand.
@Steadygrowth what you have said is correct, market caps will be valued the same on a 10 to 1 consolidation split BUT the major difference is there's not going to be a constant spell of supply hitting the bids. Bids mean Buyers.....Just incase you didn't know
Unless that is you much prefer 1.2B shares on issue, as opposed to the SAME valuation stock, but offering say 120M shares. 9/10 people would pick the latter.
Count me in for a share split consolidation and that will certainly attract some traders. Right now all I see is a bunch of bargain hunters & value investors. No swing traders, no momentum traders. Still watching this. If it managed to close at 2.1c I would have been really tempted to take some but then they sold it down on very little volume. Enough for me to at least just keep on watching.
Today's depth shows what is good IMO
