Be not self effacing Mae, Confusion is the new "NORM" for most of us these days.
Share Consolidation is a normal event carried out by Companies, often in order to put
"VALUE" back into a Share that is great in quantity, but low in price value.
In our case the "SHARE CONSOLIDATION RATE," has been deemed at 200 to 1.
As a result, the number of shares that you held prior, will be reduced by a factor of 200.
eg: Share holding pre Consolidation = 200,000 : Post Consolidation = 1, ooo Shares.
Theoretically, the original share value will increase by the same ratio, that is 200 times.
eg: Original value = .o1 Cents : Post consolidation = $2.00. However this is rarely the case
due to various reasons, but mainly because it will be re-valued by the Market in which it stands.
So Mae, your shares now, hopefully, may possibly be considered a more desirable item in terms
of Trade, than at their Original low value.
It is well to understand though, Consolidation in itself, promises NOTHING!
Kind Regards.
- Forums
- ASX - By Stock
- OCV
- ARL - Fully Paid Ordinary Shares
OCV
octaviar limited
ARL - Fully Paid Ordinary Shares, page-4
-
-
- There are more pages in this discussion • 7 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 OCV (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online