CLZ classic minerals ltd

Because my devaluation in the number of shares is 1/12,000, I...

  1. 3,997 Posts.
    lightbulb Created with Sketch. 775
    Because my devaluation in the number of shares is 1/12,000, I think this can be explained by the number of additional shares created between the 2 consolidations. So 34 billion divided by 150 (34 billion divided by 150 equals 226 million. But when they did the second consolidation, they had increased the share capital to around 14 billion, divided by 50 /1 equals 280 million. It looks like they just made the consolidation number equal to what was needed to make 250 million after consolidation, To make a reasonable figure to start expanding the share capital again.. Rinse & repeat. .
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.