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Ann: Board Appointments, page-33

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Diabloracer

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12/04/21

12:57

Post #: 52402068
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Originally posted by gassed: ↑

MMM. Please at least get it right if you are answering someone's question. A consolidation, as you have suggested, would be 1:10, you'd end up 10% of the number of shares that you held at that time. "Value" has nothing to do with it, the Market Cap would remain the same on a "nominal" basis, but, does not increase the "value" of the company, just the "nominal" share price.
How many "consolidations" have you participated in? Check the records, if CM8's SP was .038 and after the 1:10 "consolidation" "nominally" change to .38 doesn't suddenly make the company's value increase 10 fold, and as history will show you, there is a high percentage of those "consolidations" that result in dramatic reductions of the market SP!!!

In fact, Domenic actually tried that concept on one of his former companies, on the basis that institutions won't invest in companies unless the market SP was at least 20 cents. The going SP was 2 cents and they did a 1:10 "consolidation" turning the market SP to 20 cents. Simple eh??
Within a very short time the SP had dropped back to 10 cents, and shareholders had lost 50% of the "VALUE" of their investment. That company ultimately went bust entirely due to the GFC and all shareholders lost 100%, nothing to do with the consolidation. But, that's another story.
I know, I was seriously one of the victims!!
Domenic, being a very large shareholder in that company lost the most. I doubt that Domenic would ever consider any more consolidations with his SP still in the "penny" range!!!
I'm now, a relatively serious SUPPORTER of Domenic again and very confidently so.

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Instos are not interested in the share price they are interested in the market cap value and of course the future potential however most Instos have specific guidelines when investing in small cap stocks.

CM8 Price at posting: 3.7¢ Sentiment: Buy Disclosure: Held
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Last 1.3¢		Change 0.000(0.00%)		Mkt cap ! $15.90M

Open	High	Low	Value	Volume
1.3¢	1.3¢	1.3¢	$3.282K	252.4K

Buyers (Bids)

No.	Vol.	Price($)
12	2333831	1.2¢

Sellers (Offers)

Price($)	Vol.	No.
1.4¢	2251595	6

View Market Depth

No.	Vol.	Price($)
12	2333831	0.012
6	1197034	0.011
9	2713999	0.010
4	1900000	0.009
2	2120000	0.008

Price($)	Vol.	No.
0.014	2251595	6
0.015	741396	6
0.016	853406	3
0.017	1062273	5
0.018	707195	3

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