Just take a look at the code m7tdc and see what it is trading at.. that will giv eyou an indication as to what it will be trading at in about 10 days time. so yes the price is 10 times higher... but yes.. you will have one tenth as many shares.
As I have stated in another thread.... many investors do not like the look of penny stocks..... so if in our current form our company does really well and teh share price doubles.. we would still be trading at like 10 or 12 c... in the future we will trade at like $1.20
Just take a look at the code m7tdc and see what it is trading...
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Last
42.0¢ |
Change
-0.035(7.69%) |
Mkt cap ! $101.3M | |||
| Open | High | Low | Value | Volume |
| 45.0¢ | 45.0¢ | 41.0¢ | $493.2K | 1.146M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 114409 | 41.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 42.0¢ | 43199 | 1 |
View Market Depth
| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| M7T (ASX) Chart |