If someone can explain to me the purpose of consolidating a zillion shares into somewhat less than a zillion shares, I’d be obliged.
Surely if you’re going to consolidate the scrip of a stock that’s trading in the low tenths of a cent, you make it at the very least 100-1? As it stands, this will probably be trading at 0.2c after the 0.2c rights issue so 5-1 will push it up to a similarly pathetic 1c, where price steps will still be 10% apart.
If someone can explain to me the purpose of consolidating a...
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Last
1.3¢ |
Change
-0.001(3.85%) |
Mkt cap ! $10.93M | |||
| Open | High | Low | Value | Volume |
| 1.3¢ | 1.3¢ | 1.3¢ | $3.303K | 262.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 323999 | 1.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.3¢ | 917692 | 1 |
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| Last trade - 13.46pm 08/11/2024 (20 minute delay) ? |
| RR1 (ASX) Chart |