They are already trading RR1DA

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SImon23

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30/04/24

15:14

Post #: 73586428
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Originally posted by bruham: ↑

You don't lose on value of the share.
The loss comes, in the amount of shares you hold (reduced).
The value is the same as the price climbs to the same as your shares fell.
But when the market opens the shares (especially this dog of a share), will crash.

Plus the new share price now has a lot further to fall, giving you a greater opportunity
to lose even more cash than before the consolidation

And guaranteed this dog of a share will lose you a lot more of your gambling cash.
GOING DOWN, STRAIGHT DOWN.

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Originally posted by lightbulbnz: ↑

not quite

whilst the last sale was 0.2 cents, many holders who wanted to sell couldn't sell at 0.2 cents

they couldn't sell at 0.2 cents because there were no buyers willing to sell at that price.

they could sell at 0.1 cents but obviously they weren't willing to do so

what the consolidation does is to increase liquidity and allow sellers /buyers to effectively trade at somewhere between the 'old' prices of 0.1 cents and 0.2cents - or between 0.5 and 1.0 cent post consolidation

it's not the consolation that has caused the apparent reduction in value. 0.2 cents was never a true value.

my guess is that the price post consolidation will be somewhere between 0.5 and 0.1 cents

there is a myth that consolidations result in loss of shareholder value. nothing could be further from the truth.

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They are already trading RR1DA

RR1 Price at posting: 0.2¢ Sentiment: Hold Disclosure: Held
4 Upvote

0 Great analysis

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