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
-
- There are more pages in this discussion • 30 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add JAT (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
75.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $62.44M | |||
| Open | High | Low | Value | Volume |
| 75.0¢ | 75.0¢ | 73.0¢ | $41.80K | 55.83K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19643 | 75.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 78.0¢ | 30000 | 1 |
View Market Depth
| Last trade - 15.03pm 04/10/2024 (20 minute delay) ? |
| JAT (ASX) Chart |