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Sorry yes my mistake if this was a standard consolidation your...

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Aldi99

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32

10/06/24

19:45

Post #: 74247664
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Originally posted by TerribleTadpole: ↑

Well, it's not normally how it works. But in this case, it's even worse than @Aldi99 calculated. The issue of 90 million new shares for $162k following the consolidation means that each post-consolidation share is worth $162/90000, which is $0.0018.

In Aldi99's scenario, your $10k would represent $0.025 x 400,000 shares. After consolidation, you would own 1,374 shares, which would amount to $2.47 at the new share issue price.

This table from page 13 of the notice of meeting tells the story:

Expand

Sorry yes my mistake if this was a standard consolidation your 10k would still be 10k you would just own less shares that are worth more per share. If you bought 10k worth of stock on the last day of trading you would now have 7% of that as 93% went to creditors. Meaning $9300 loss from last day of trading now holding $700 equity? The consolidation from 2 bil shares to 7 Mil has no effect on your holdings valuation. Apple splits all the time it has no effect on capital

Last edited by Aldi99: 10/06/24

KLL Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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Sorry yes my mistake if this was a standard consolidation your...

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