Hey mate, The consolidation has nothing to do with the price rise, 19c to 55c is the same percentage rise in value as 1.9c to 5.5c. All it did was move the decimal point, the value that every shareholder holds now, is the same regardless of the consolidation.
Unless you believe that people are more likely to buy the shares because the number looks bigger? I wouldn't think any investor is just looking at the number that blindly...
The only change really is that the consolidation makes it easier to trade the stock as it is less affected by the minimum size for the price
EEG Price at posting:
49.5¢ Sentiment: Hold Disclosure: Held
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