MDC medlab clinical limited

Yeah its not going to be hard to retest lows. The low at the...

  1. 8,272 Posts.
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    Yeah its not going to be hard to retest lows.

    The low at the moment is 4.3 cents. After the consolidation of 150 to 1, then that 4.3 cents will be equal to $6.45. Lets see if it hits that price next week.

    Consolidation at current price of 8.7 cents will equal $13.05

    But even look at the bid and offer now when we have liquidity with a lot of shares on issue the bid is
    8.2 and the offer is 8.7, so thats a .5 cent spread at this point. After consolidation that equals a bid of $12.30 with an offer of $13.05.

    So its going from:

    $0.082 - $0.0870
    to $12.30 - $13.05

    Nearly going to be a $1 spread, and going to be so much more illiquid to if you buying 10 000 shares before, you will only be getting 67 shares after. Its just going to be such a mess, hardly any shares on the bid and offer, huge swings in price, very silly move imo.

    Dont get me wrong , im still bullish and will be trying to get some shares, but I bet I can put some bids in at $6 and will get filled, which will be new all time lows.
 
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