Logically should have no difference, but actually consolidation normally very negative for shareholders , it will kick out 90% of the penny stock punters. Not many gamblers would like to touch a no profit high SP stock, it will suddenly lose the interests from these gamblers results in short of buyers on the market. The thin spread on buy/sell side also can push some people to sell, they need money any way.
the consolidation also opens the freefall space, ie 30c-10c becomes quite easy, 10c actually should be where the fair value this company is. A no profit business.
Ann: Consolidation/Split - JAT, page-29
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Last
51.0¢ |
Change
0.020(4.08%) |
Mkt cap ! $42.46M | |||
| Open | High | Low | Value | Volume |
| 49.5¢ | 51.0¢ | 49.0¢ | $12.85K | 25.77K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 96 | 51.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 55.0¢ | 39565 | 1 |
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| Last trade - 13.43pm 06/11/2024 (20 minute delay) ? |
| JAT (ASX) Chart |