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$1.00 lakes blue energy nl

Ann: Consolidation/Split - LKO, page-27

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sorest2016

455 Posts.

76

30/10/23

20:42

Post #: 70625181
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Originally posted by FAnotTA: ↑

your right, 5,000,000/1,000= 5,000 shares
But 1,000 x 0.001 = 1c per share!
so if you bought originally at $5,000 then you got 5 million shares but now it's 5,000 shares.
but your SP instead of useless 0.001c is now valued at 1c.
That's if the market adjusted to that!!
I was ripped off in another consolidation where instead of the value it should be, it devalued by so much!!
I'm selling out before them, lesson learned!!!

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The new shares will be $1, not 1c.

Take the last three numbers of your shareholding and that will give you the number of new shares, the current value will remain the same.

LKO Price at posting: 0.1¢ Sentiment: Hold Disclosure: Held
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