The trouble with share consolidations is if you get for example, 1 new share for every 7 held, the price of the new shares based on 9cps for the old, should be 63c. Every time a company I've held has done a consolidation, the price ends up being 50-70% of the original value. In this case it would end up in the range of 31.5c - 43c, that is way below the 63c. If this happens, it takes a lot of years of profitable operation for the S.P. to appreciate above the hypothetical new price (63c in my scenario) because investors will not come on board until there is a history of profitable operation due to a lack of trust in the Board and Management. In short, this Board has destroyed a lot more than the wealth of shareholders through its terrible decision making.
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Last
17.5¢ |
Change
-0.005(2.78%) |
Mkt cap ! $296.0M |
Open | High | Low | Value | Volume |
18.0¢ | 18.8¢ | 17.5¢ | $629.2K | 3.506M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
14 | 893159 | 17.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
18.0¢ | 66200 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
12 | 735659 | 0.175 |
12 | 820534 | 0.170 |
9 | 695652 | 0.165 |
6 | 933728 | 0.160 |
3 | 365000 | 0.155 |
Price($) | Vol. | No. |
---|---|---|
0.180 | 66200 | 2 |
0.185 | 517875 | 12 |
0.190 | 185635 | 5 |
0.195 | 222806 | 4 |
0.200 | 196650 | 4 |
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