doesn't change the market cap but allows further downside per pip for people tp play games. Currently a floor under price movements but with a 10 top 1 consolidation it will allow " players" if they are interested to move the price. 1 pip ( $0.001) is not a significant change in market cap but at 10 to 1 consolidation it becomes significant and also at 30c it trades in 1c and .5c increments soa min pip is 50 times greater than now.
Many stock who consolidate especially without having significant rise in price and great newsflow often drift to lower levels.
Yes there the need to do it in theory to acccess other markets and change perception of stock as a penny dreadful but timing in doing this is critical.
I rarely see these as beneficial to small holders unless the company knows it registry / shareholders very well and has news and broker interest moving forward. It absorbs company time and money IMO and doesn't change perception by investors. It si a 65 mill company regardless of shares on issue and look at eth accounts and business and from those decide to invest or not . Brokers and advisorn IMo love selling this to CEO or management as an IMO ego boost so they are not seenn as a penny dreadful? In regards to overseas listings IMO do any window dressing etc at last minute when it is all seen as a positive towards the goal of that listing and funding etc.
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Last
9.6¢ |
Change
0.001(1.05%) |
Mkt cap ! $25.10M |
Open | High | Low | Value | Volume |
9.5¢ | 9.6¢ | 9.5¢ | $1.803K | 18.78K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 7241 | 9.6¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.7¢ | 17019 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 7241 | 0.096 |
5 | 375705 | 0.095 |
1 | 10000 | 0.091 |
5 | 195544 | 0.090 |
1 | 453 | 0.089 |
Price($) | Vol. | No. |
---|---|---|
0.097 | 17019 | 2 |
0.098 | 4 | 1 |
0.100 | 108959 | 1 |
0.105 | 41897 | 5 |
0.110 | 20646 | 3 |
Last trade - 13.06pm 22/08/2024 (20 minute delay) ? |
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