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
Ann: Effective Date of Share Consolidation, page-7
-
-
- There are more pages in this discussion • 41 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add 1MC (ASX) to my watchlist
|
|||||
Last
3.3¢ |
Change
0.001(3.13%) |
Mkt cap ! $8.935M |
Open | High | Low | Value | Volume |
3.3¢ | 3.3¢ | 3.3¢ | $1.043K | 31.60K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 59721 | 3.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.3¢ | 372438 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 59721 | 0.032 |
2 | 70000 | 0.031 |
2 | 21891 | 0.030 |
1 | 19200 | 0.029 |
1 | 321428 | 0.028 |
Price($) | Vol. | No. |
---|---|---|
0.033 | 372438 | 1 |
0.034 | 333567 | 5 |
0.035 | 23800 | 1 |
0.036 | 375239 | 5 |
0.037 | 70464 | 2 |
Last trade - 15.34pm 10/09/2024 (20 minute delay) ? |
Featured News
1MC (ASX) Chart |