We all understand that this gets the Share price into 1/2 cent increments & the value in that instead of wading through 10 increments BUT afterwards in nearly every consolidation we've been through unless it is followed by lots of good news stories they just drift right back down to where it was before the consolidation (experiencing exactly that scenario right now with LOM). If you read my prior post you'll see why I am upset about the 100 consolidation as have been a Shareholder for over 23 years of CBZ (prior unlisted CBIO) the company shell that IVX evolved from & know market cap will still be the same. IF ongoing results can reach the realm of where a big Pharma was to offer a deal our break even right now is .28c (I have seen stocks before go from under 1c to end up in vicinity of 20c so was still feasible to get a fair % of money back) BUT after this our break even will be horrific $28! When IVX does reopen after consolidation at either .20c (or .30c if it tips .003 before then..or more..hope tips .005) is too far fetched for a Pharma to offer $28 on a 20c - 50c stock so that is how the '100 x price' I see as it affects us compared to others who bought recently. Before I thought we had a chance now see zero.
IVX Price at posting:
0.3¢ Sentiment: Hold Disclosure: Held
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