If you buy 30,000 shares at 30c, you’ve got a $9,000 cost base.
GMV does 10:1 share consolidation bring your shareholding total to 3000 (technically with a share value 10 x what it is at that point so your current value doesn’t change. But if it’s unlisted on share consolidation there won’t be a current value etc)
GMV lists on nasdaq at whatever price. IF they get to $3/share your 3000 shares at $3 brings you back to $9000 value and you break even on paper.
Factor in any exchange gains/losses on sale as well.
I’m just using a 10:1 as an example. Expect it to be much higher so you will need a higher ipo price on nasdaq. E.g 100:1 share consolidation you will need a $30 ipo price on nasdaq.
I think that sounds about right. Happy for others input.
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If you buy 30,000 shares at 30c, you’ve got a $9,000 cost base....
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