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!
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morella corporation limited
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Ann: Effective Date of Share Consolidation, page-7
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Last
1.5¢ |
Change
-0.001(6.25%) |
Mkt cap ! $5.894M |
Open | High | Low | Value | Volume |
1.5¢ | 1.5¢ | 1.5¢ | $3 | 216 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 135749 | 1.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
1.6¢ | 1209548 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 135749 | 0.015 |
8 | 1340111 | 0.014 |
1 | 200000 | 0.013 |
2 | 156999 | 0.012 |
1 | 180000 | 0.011 |
Price($) | Vol. | No. |
---|---|---|
0.016 | 1209548 | 7 |
0.017 | 212529 | 5 |
0.019 | 67376 | 1 |
0.020 | 47400 | 2 |
0.025 | 37312 | 1 |
Last trade - 15.02pm 30/07/2025 (20 minute delay) ? |
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