Agree with most of your post except "Being MILKED by mismanagement.".
Sure more cash in the bank, they could continue to draw more wages / director fees, IF they do a SPP with the consolidation (but this is not normally done with a consolidation / split)
I suspect lenders want greater volume in the market, and a lot of the market stay away from the penny stocks. I'm guessing it is the lenders who are saying the need to do a consolidation as a condition for funding (which they will need if they want to develop any of their tenements.
IMHO
I sold out one of my positions when there was noise of a consolidation, for the reasons you stated above. Hate consolidations!
- Forums
- ASX - By Stock
- 1MC
- Ann: Effective Date of Share Consolidation
1MC
morella corporation limited
Add to My Watchlist
3.23%
!
1.6¢

Ann: Effective Date of Share Consolidation, page-7
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
1.6¢ |
Change
0.001(3.23%) |
Mkt cap ! $5.894M |
Open | High | Low | Value | Volume |
1.6¢ | 1.6¢ | 1.5¢ | $917 | 57.31K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 142631 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 1209555 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 142631 | 0.015 |
7 | 1340108 | 0.014 |
1 | 200000 | 0.013 |
2 | 156999 | 0.012 |
1 | 180000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 1209555 | 7 |
0.017 | 212529 | 5 |
0.019 | 67376 | 1 |
0.020 | 47400 | 2 |
0.025 | 37312 | 1 |
Last trade - 16.10pm 29/07/2025 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |