Hi guys - there seems to be a lot of YPB experienced folk here. Could some one clarify something for me please? Am I correct in thinking that there are ~1,755 M shares on issue with ~522M of those shares on offer at 0.001-0.002c? As in there is currently ~30% of the issued shares on the market at the lowest market prices allowable.
From my observation they are looking towards a consolidation to create some liquidity, hence the small holding buyback. This might seem counter intuitive, as stocks are usually more liquid the cheaper they are (relative to there perceived and all that). But when you get this low, the jump from 0.002 to 0.003 is 50% up & 33% down. A yawning gap. A 10:1 consolidation allows incremental sales obviously and frees up the market. It is also my opinion that nearly everyone of those stocks that do this sink further after the consolidation. All IMHO of course.
- Forums
- ASX - By Stock
- Ann: Small Shareholding Sale Facility
Hi guys - there seems to be a lot of YPB experienced folk here....
-
- There are more pages in this discussion • 61 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add YPB (ASX) to my watchlist
|
|||||
Last
0.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $1.615M |
Open | High | Low | Value | Volume |
0.2¢ | 0.2¢ | 0.2¢ | $2 | 962 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
18 | 11147031 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 9122987 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 11147031 | 0.002 |
39 | 96053644 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 9122987 | 14 |
0.004 | 3640456 | 7 |
0.005 | 1930245 | 11 |
0.006 | 1559750 | 2 |
0.007 | 250000 | 1 |
Last trade - 15.31pm 01/07/2024 (20 minute delay) ? |
Featured News
YPB (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online