Flash Harry,
Flash, sorry to rain on your parade but if they did a 1,000 to 1 consolidation how long do you think that the SP would stay at $1.00? One has to consider the market cap, and as a re-aligment of that the stock could (would) fall back into the cents. It would probably be too scary at that stage to value your shareholding. Remember ASOF also suffer from any SP collapse as well. Flash given the current uncharted waters that MST is currently sailing in, would you buy stock at $1.00?
We have to hope that any consolidation that takes place (if at all) is a sensible one and sustainable as far as the SP is concerned. The main game at this time for ASOF is I suspect re-capitalisation of the company and any placements etc has to be done without the SP being seen as obviously being manipulated. I suspect that placing shares at $1.00 when they have been trading at $0.001, and coming out of administration may just be too big an ask!
- Forums
- ASX - By Stock
- Ann: Company Update
Flash Harry,Flash, sorry to rain on your parade but if they did...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MST (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online