The vast majority of consolidations done when the SP is in the 0.1/0.2c range with billions of shares on issue and a dire need to raise more capital result in continued decline, frequently back to the same price.
That majority becomes almost a certainty if there is a current Convertible Note hanging over the company.
The time for consolidations is really only once a company has succeeded and there is strong demand for the shares.
The only way this consolidation wont end up being a disaster for the SP is if it accompanies a radical change to the company ( think new management or change of strategic direction?) Fingers crossed there is a left field play we don't know about yet
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Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 1234781 | 1.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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1.2¢ | 960 | 1 |
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No. | Vol. | Price($) |
---|---|---|
4 | 1234781 | 0.011 |
3 | 930000 | 0.010 |
5 | 1083445 | 0.009 |
3 | 502103 | 0.008 |
4 | 1500000 | 0.007 |
Price($) | Vol. | No. |
---|---|---|
0.012 | 960 | 1 |
0.013 | 552254 | 2 |
0.014 | 180379 | 1 |
0.015 | 280310 | 2 |
0.016 | 50000 | 1 |
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