PEK 4.76% 20.0¢ peak rare earths limited

Ann: Shareholder Approval of Capital Consolidation, page-51

  1. 2,194 Posts.
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    Dirigo,

    The company has had a 1:10 share consolidation (what you have termed as a 'reverse split').

    There is no impact on the value of the company.

    However, trading in the stock does get impacted by market players and can result in a +tive or -tive impact on the share price.

    As you have shown 1,000,000 become 100,000 shares.

    Share price on that basis moves from $0.07 per share to $0.70 per share.

    These 'new' shares have now traded to ~$0685 per share OR =~$0.0685 pre consolidation.

    The enterprise or company value remains relative to the share price.

    Not too sure whether this helps you or hinders you?

    Regards............................
 
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