ELE 0.00% 0.5¢ elmore ltd

Im not at all conversant in this consolidation but... doesnt it...

  1. 54 Posts.
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    Im not at all conversant in this consolidation but... doesnt it work like this?
    On the day of consolidation, everybody's shares get divided by 15, and, the share price is multiplied by 15.
    Its still up to the market as to which way the price goes from there.
    It gives the opportunity to trade within the range of what now is 1.4 and 1.5 cents. Todays fluctuations would/might have been between 21 cents ( 1.4 x 15) and 22.5cents ( 1.5 x 15).
    Is that the go?
 
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