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Ann: NSL secures $10 million to expand production of wet plant, page-43

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taboon

6,565 Posts.

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14/05/18

13:54

Post #: 33078397
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Originally posted by mr_delta ↑

consolidation doesn't mean your holding value decreases.... that is absolutely WRONG... only your 15 shares turn into 1 and the price of THAT one share goes UP by 15 times on the day of the changeover - giving you the EXACT $$$ figure in your holding - nothing changes...

so please get this very basic fact right as it will help you understand the implication of ANY consolidation - not just NSL...

for eg. if NSL sp is 2c on the day it gets consolidated and you had 150,000 shares in your name ... this would mean you holding 150,000 X $0.02 = $3,000 worth NSL shares
POST CONSOLIDATION, you would hold 10,000 shares now (15:1) and the listing price would now be 30c giving you 10,000 X $0.3 = $3,000 of NSL in portfolio... NOTHING CHANGED in your portfolio...

hope this helps...

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The previous consolidations didn't add much value, SP went back from day one and continued to drop, but it kept the business in the game.

NSL Price at posting: 1.5¢ Sentiment: Sell Disclosure: Not Held
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