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it is a shares split (rather than consolidation)one share is...

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  1. ddzx
    37,911 Posts.
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    18/04/11
    12:03
    Post #: 8281763
    it is a shares split (rather than consolidation)

    one share is split into four

    you now have four times as many shares as before


    your average buy is $1.40 divided by 4 = 35 cents

    the reason for the share split is to provide more liquidity in the market (more shares avaiable for trading)

    plus psychologically, it looks better

    your $1.40 looked expensive

    now your 35 cent shares look cheap

    regards
    MBM Price at posting: 0.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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