GGP 0.00% 0.6¢ golden gate petroleum ltd

Has GGP now fallen 400% since the consolidation ?It was a 25 to...

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    Has GGP now fallen 400% since the consolidation ?

    It was a 25 to 1 share consolidation.

    The last traded price prior to consolidation was .001 so after consolidation it should have re-listed at .025 but it is now last traded at .006 so .025/.006 = 4 or a 400% fall !

    Say you held 5mil shares prior to consolidation. If you sold now you would get 5,000,000/25 = 200,000 shares X .006 = $1200

    Only problem is that to sell 5,000,000 you would have to sell down to .002 as not many buyers so you may end up with $600 ?
 
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