Share consolidation for us minor holders is not a problem. Maybe the consolidation happens and it goes down another 10 - 20% which at these lows is only a few pips - but people have to remember its all about percentages. If we have more investing at .025 or at .70 it does not matter as you are still accumulating the same percentage of the business.
The top 20 have the most to lose, and they are the ones to move the s.p by unloading, as we see at present with seed investors cashing in before EOFY.
Good opportunity for holders to get recognised by investors at a higher price, pennys have a bad name and are normally the first to get hit in a down turn, lets get the price higher and attract more attention - also a large corporate probably doesnt want to be seen collaborating with a company in the 2c range - would look bad on paper.
Great long term hold, great product, great management, great partners
Ann: Notice of General Meeting/Proxy Form, page-256
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Last
$2.68 |
Change
-0.185(6.47%) |
Mkt cap ! $518.6M | |||
| Open | High | Low | Value | Volume |
| $2.77 | $2.78 | $2.65 | $1.511M | 556.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 9636 | $2.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.68 | 10812 | 13 |
View Market Depth
| Last trade - 11.48am 13/05/2024 (20 minute delay) ? |
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Last
$2.65 |
Change
-0.185 ( 4.46 %) |
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| Open | High | Low | Volume | ||
| $2.76 | $2.78 | $2.65 | 125125 | ||
| Last updated 12.05pm 13/05/2024 ? | |||||
| WBT (ASX) Chart |