Consolidation often means they want more leg room below the SP to do a discounted CR.
With SP at 0.003 or 0.004, they would have to do a 33% or 25% discount, minimum, to do a CR at 0.002 or 0.003, respectively.
But after the SP is 30c or 40c, then can do a CR at 25c or 35c.
It also makes the stock look more attractive when people don't see the word 'billion' in the shares on issue, LOL.
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Last
11.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $8.487M | |||
| Open | High | Low | Value | Volume |
| 10.0¢ | 11.0¢ | 9.5¢ | $25.88K | 255.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 220 | 11.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 11.5¢ | 124684 | 4 |
View Market Depth
| Last trade - 15.59pm 30/06/2025 (20 minute delay) ? |
| IVX (ASX) Chart |