@rushnlabs your maths isn't completely correct and you're not doing AUD > USD conversions.
You stated:
"You recently buy 100,000 @ 0.10c ….. at 0.12c (happened in a day) you’ve made $2,000. The “long term” view looks good. If it gets to 0.20c (not an unreasonable target) it would be $10,000 profit made.
Then, all of a sudden, consolidation.You now own only 1,000 units @ $8.00ea
You now have to hope that $8 price goes up to $18 to make the same profit of $10,000. Much harder…"
That statement is wrong.
If you buy 100,000 @ 10c (or $0.10 AUD) you're investment is $10,000 AUD and so you obviously need this to become worth $20,000 AUD to make the $10,000 AUD profit.
$10,000 AUD = $6,668 USD at current exchange rate.
Your shares are consolidated 100/1 and so you have 1,000 shares worth $6.67 USD each rounded to the nearest whole cent (your use of $8 USD is based on profit already made on the original purchase).
If the SP then gets to $13.33 USD, then your 1000 shares are worth $13,330 USD which is equal to $20,000 AUD. Hence you have $10,000 profit.
So you need to hope the price goes from $6.67 to $13.33. Or in other words, a 100% increase in NASDAQ share price generates you a 100% gain on your investment. Nothing has changed from 10c to 20c on the ASX, except for your perception that moving from $6.67 to $13.33 USD is "much harder". Each to their own but I personally disagree with that theory, it just comes down to percentage changes as Malkazoid has stated. As I write this post IHXL is up 5.21% which is the same daily percentage change we've been seeing for IHL lately.
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@rushnlabs your maths isn't completely correct and you're not...
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