MDC 0.00% $6.60 medlab clinical limited

True, I regret not getting more down there when it was 5 or...

  1. 7,073 Posts.
    lightbulb Created with Sketch. 2700
    True, I regret not getting more down there when it was 5 or under. Someone needed to get out by EOFY and didnt care what price they dumped.

    I think we will see above 10 cente before consolidation (1st August if approved which is more than likely) , but a consolidation of 150 to 1, means that even at 10 cents pre consolidation the new price will be $15 a share. And the amount of shares on issue will only be 2,281,171. It will be so illiquid, there will be huge gaps in bids and offers, will be easy to get some fills lower.

    If the price goes from $15 down to $10 after consolidation, it represents being able to pick them up at 6.6 cents again, this consolidation is a really bad move, and after consolidation MDC would have to have the lowest amount of shares on issue on the whole ASX, dont know of any SOI lower than 3 million, its going to be so illiquid.
 
watchlist Created with Sketch. Add MDC (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.