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............................
Ann: Shareholder Approval of Capital Consolidation, page-51
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18.5¢ |
Change
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Mkt cap ! $49.28M | |||
| Open | High | Low | Value | Volume |
| 18.0¢ | 18.5¢ | 18.0¢ | $16.42K | 90.98K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 101569 | 18.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.5¢ | 34939 | 1 |
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