Its not a hard and fast rule as far as I can tell, just how I took the companies own comments: to paraphrase, we are consolidating to meet institutional investor expectations.
FMG did a 1 to 10 share split after they were in production to increase liquidity. They had already been funded into production by that point.
They went from 300 million to 3 billion SOI after the split.
Don't know about PLS.
Ann: Change of Share Registry address, page-15
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25.0¢ |
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Mkt cap ! $25.58M | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 1 | 17067 | 25.5¢ |
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| Price($) | Vol. | No. |
|---|---|---|
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